Question
The Gadgil formula was adopted for which Five-year
plan/s?Solution
The Gadgil formula is named after Dhananjay Ramchandra Gadgil, a social scientist and the first critic of Indian planning. It was evolved in 1969 for determining the allocation of central assistance for state plans in India. Gadgil formula was adopted for distribution of plan assistance during Fourth and Fifth Five Year Plans.
6124.8 × 625.5 × 0.0043 is equal in value to:
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