Vol. 8, Issue 5, Part E (2022)

Abstract
Planning is an organised and coordinated effort to fulfil some broad social and economic objectives that includes rapid economic development, attaining high rate of growth, improvement in standard of living, increasing national income as well as per capita income, inclusive growth, removal of poverty, reduction in unemployment, increasing capital formation rate, efficient allocation and utilization of resources, reducing inequality in distribution of wealth and income, bringing foreign trade in favour, balanced development, attainment of self-sufficiency, attaining self-reliance, establishment of social justice and so on. In a nutshell, the development of any country, state or region is strongly linked with economic planning. Economic Planning in India was initiated in 1950 after so many attempts of planning initiating from a book ‘Planned Economy for India’ by Sir M. Visvesyaryya in 1934. The model of five-year plans in India commenced from 1951 and the twelfth plan will end in 2017 under the control and supervision of Planning Commission. Though Planning Commission has been replaced by Niti Aayog, yet the concept of five-year planning is still significant. In this context, the objective of this paper is to explore the size of the plans in Tripura in terms of outlay and expenditure during first to eleventh five-year plans for all round development of the state.