Summary: Economic planning is essential for development in modern society and has become a popular approach globally, particularly in underdeveloped countries like India. The book discusses the significance of planning, ideological issues surrounding it, and the challenges encountered in implementation. It emphasizes the importance of continuous appraisal, efficiency, and a strong government for successful planning. The text also delves into the planning models, the need for accurate statistical data, and the integration of various economic sectors for effective planning. Examples from countries like Great Britain, the U.S., and the Soviet Union provide insights into different planning approaches, highlighting the importance of state intervention, decentralization, and adaptability in planning strategies. The discussion on the Indian planning scenario reveals the complexities related to achieving growth targets, ensuring resource sustainability, and addressing challenges like population growth and foreign exchange management for successful plan execution. Throughout the text, the focus is on the evolving nature of economic planning and the essential role of government intervention, coordination, and efficiency in achieving development goals.