Economic Development Model for Uniform Wealth Creation

Principles and success of Economic Development Model, adopted by Indian governments from 1950 to 2013 with net investment of the order of 21.68% of the national income, jointly by Central and State governments, public institutions and private sector, by making planned and coordinated investments through 11 Five Year Plans in various sectors of economy, required to achieve incremental targeted production capacities in all sectors, which themselves were set to meet the forecasted demands in all sectors and make country self-sufficient. Details of development in 15 sectors of Indian economy from 1950 to 2023. Contribution of over 562 public sector units, along with private sector, to meet the demands in all sectors and ultimately make India attain world rankings in different sectors. Achievements of the model towards social development, poverty alleviation and reduction in inequality in income and wealth. How changed government policies led to downfall in creation of national / public assets after 2000. Production losses in respective sectors due to closing down companies, Reduction in income to governments in the form of dividends, leading to reduction in reinvestment and public income on account of strategic sale of and disinvestments in Central Public Sector Establishments. Anomalies in all 15 strategic sales have been brought out in detail.