Balanced growth strategy

The balanced growth strategy assigns a very big and formidable role for the central planning authority in balancing the sectors and monitoring the growth. This is rather a difficult task. With very thin investments in all sectors and with less technology, harmonious development is rather an illusion. The growth targets are not achieved in many individual enterprises. Further this will involve certain social costs such as old skills and trade that would become obsolete and create unemployment, congestion etc. By this, balanced growth will get jeopardised by the problems of its own making. Even taking for granted that people in central planning authority are super men and it is baffling how they take these kind of decisions.