Models of Economic Development

Nehru Mahalanobis Model 

Nehru Mahalanobis Model of development was adopted during Second Plan. It has continued right up to the eighties. Its objective is the enlargement of opportunities for the less privileged sections of the society.

Gandhian Model of Growth 

The basic objective is to raise the material as well as the cultural level of the indian masses so as to provide a basic standard of life. It aims at the reform of agriculture.

LPG Model of Development 

The full form of LPG is Liberalisation, Privatisation and Globalisation. It was introduced in 1991 by the then Finance Minister, Dr.Manmohan Singh. This model was intended to charter a new strategy with emphasis on Liberalisation, Privatisation and Globalisation. It emphasis a bigger role for the private sector.

PURA Model of Development

The fullform of PURA is Provision of Urban Amenities in Rural Areas. The Union Cabinet on 20th January, 2004 accorded in principle approval for the execution of PURA. Its objective is to propel economic development without population transfers. It emphasize the enlargement of employment to make use of rural manpower in various development activities. Its concept is response to the need for creating social and economic infrastructure, which can create a conducive climate for investment by the private sector to invest in rural areas.