Importance of Planning in India : Planning increases efficiency and makes optimum utilization of all available resources. It helps to reduce wastage of valuable resources and avoid their duplication. It aims at the highest returns at the lowest possible cost. It thus, increases type overall efficiency.
1. Planning reduces business risks and helps to forecast these business – related risks.
2. Planning helps in decision making. The planning also helps to select or to choose the best of all available strategies.
3. Planning increases efficiency.
4. Planning reduces business related risks.
5. Planning shows right direction.
6. Planning helps achieve objectives.
7. Planning encourages creativity and innovation.
8. Planning motivates the personnel of the state.
9. Planning keeps good control.
10. Planning contributes in organizing activities.
