Indias five year plans summary. List of Five Year Plans in India 2022-10-23
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List of all Five Year Plans of India with their Objectives and Targets
These wars exposed the weakness in our economy and shifted the focus to the defence industry, the Indian Army, and the stabilization of the price India witnessed inflation. People got employment opportunities and ways to income generation. The state governments were entrusted with the responsibility of constructing roads. Equal priority was given to agriculture, its allied activities, and industrial sector. The NPC put great emphasis on the promotion of scientific and technological research. The Ninth Five-Year Plan placed considerable importance on combining growth oriented policies with the mission of achieving the desired objective of improving policies which would work towards the improvement of the poor in the country. This plan aimed to double the Per Capita Income of India in the next 10 years.
Growth with social justice and equality. Institutions were to be established to achieve this end. At this time, the country was going through a severe economic crisis and the Government initiated fiscal reforms to provide a new dynamism to the economy. Tenth Five Year Plan 2002-2007 Atal Bihari Vajpayee and Manmohan Singh 8. Overall this plan was successful which achieved a growth of 4. For the first time, the private sector got priority over the public sector. Some of the main economic outcomes during eighth plan period were rapid economic growth highest annual growth rate so far — 6.
Five Year Economic Planning in India: UPSC Economic Notes
Retrieved 21 September 2013. Along with dams, India got many fertilizer plants and cement making plants. Accordingly, the government declared a planned holiday for the next three years and due to this, the fourth plan started in 1969. Role of the states increased and they were given more prominence. Montek Singh Ahluwalia was the last deputy chairman of the Planning Commission.
Five Year Plans of India (Summary): Objectives, Achievements, Failures
The Plan was thorough failure in reaching the targets due to unforeseen events — Chinese aggression 1962 , Indo-Pak war 1965 , severe drought 1965-66. Yet, Hydroelectric power projects and five steel mills at Bhilai, Durgapur, and Rourkela were established. Seventh Five Year Plan 1985-1990 Rajiv Gandhi 5. Minimum wages were to be guaranteed to landless labourers. This plan was again rejected by the Indian National Congress government in 1980 and a new Sixth Plan was made.
The Ninth Five-Year Plan focused on the relationship between the rapid economic growth and the quality of life for the people of the country. The plan expected the labour force to grow by 39 million people and employment was expected to grow at the rate of 4% per year. The target is to decrease the income gap between different sections of society and to make our country self-sufficient. This was done primarily to develop the public sector. Its growth rate target was 8%.
Second is a plan for a fixed number of years, which may be 3, 4, or 5 years. This plan was terminated in 1978 by the newly elected Moraji Desai government. First two years of the plan saw record production. This model is known to have set the statistical foundations for state-directed investments and created the intellectual underpinnings of the license raj through an elaborate input-output model. It was launched in the 50th year of independence of India. Rapid and inclusive growth.
Inclusiveness is to be achieved through poverty reduction, promoting group equality and regional balance, reducing inequality, empowering people etc whereas sustainability includes ensuring environmental sustainability ,development of human capital through improved health, education, skill development, nutrition, information technology etc and development of institutional capabilities , infrastructure like power telecommunication, roads, transport etc. Family Planning helped to create awareness among the Indians regarding population. There are a lot of people in the country who are not even getting a square meal a day. Later, the Janta government self-destructed itself and Indira Gandhi again became prime minister. Therefore, the emphasis was to encourage economic growth rate with faster, sustainable and inclusive growth. It was launched for the duration of 1951 to 1956,under the leadership ofJawaharlal Nehru.
The second five-year plan focused on industry, especially heavy industry. A successful plan in terms of achieving targets. Raising agriculture output to 4 percent. Family planning was also expanded in order to prevent overpopulation. To achieve 8% GDP growth rate,Reduce poverty by 5 points and increase the literacy rate in the country.
Know the detailed UPSC Syllabus in the linked article. This plan aimed to double the Per Capita Income of India in the next 10 years. Yet, the Indian national highway system was introduced for the first time. Five Year Plan: Breaks The first Five-year Plan was launched in 1951 and two subsequent five-year plans were formulated till 1965, when there was a break because of the Indo-Pakistan conflict. The plan was a flop due to wars and drought.
