Lifting Indian and Indians out of poverty and building a modern technical and industrial base were among the major objectives of the new nation in 1950 the government set up a planning commission to help design and executs suitable policies for economic development. There was a broad agreement on what was called a mixed economy model here both the state and the private sector would play important and complementary roles in increasing production and generating jobs. What specifically these roles were to be which industries should be initiated by the state and which by the market how to achieve a balance between the different regions and states was to be defined by the planning commission