8th five year plan of india. India’s Eighth Five 2022-12-27

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The 8th Five Year Plan of India was a period of economic development in India that lasted from 1992 to 1997. The plan was designed to accelerate economic growth and improve living standards for the country's citizens. It focused on several key areas, including agriculture, industry, infrastructure, and social services.

One of the main goals of the 8th Five Year Plan was to increase agricultural productivity and improve the lives of rural farmers. To achieve this, the government implemented a number of initiatives, including the expansion of irrigation systems, the introduction of new crop varieties, and the provision of credit and other forms of assistance to small farmers. These efforts helped to increase food production and reduce poverty in rural areas.

The 8th Five Year Plan also sought to promote industrial development in the country. To achieve this, the government implemented a number of measures, including the liberalization of foreign investment policies, the creation of special economic zones, and the promotion of small and medium-sized enterprises. These efforts helped to attract new investment and stimulate economic growth.

In addition to agriculture and industry, the 8th Five Year Plan also focused on improving infrastructure and social services. To improve infrastructure, the government implemented a number of initiatives, including the expansion of roads, bridges, and ports, as well as the development of new power plants and other energy projects. To improve social services, the government implemented a number of initiatives, including the expansion of education and healthcare, and the provision of assistance to the poorest and most vulnerable members of society.

Overall, the 8th Five Year Plan was successful in achieving many of its goals and helping to accelerate economic development in India. However, there were also some challenges and setbacks, including political instability, corruption, and economic recession. Despite these challenges, the 8th Five Year Plan laid the foundation for further economic growth and development in India in the years that followed.

Eighth Five

8th five year plan of india

The idea of economic planning for five years was taken from the Soviet Union under the socialist influence of first Prime Minister Pt. Rapid economic growth, high growth of agriculture and allied sector, and the manufacturing sector, growth in exports and imports, improvement in trade and current account deficit. Its duration was from 1980 to 1985,under the leadership of Indira Gandhi II. Its duration is from 2012 to 2017, under the leadership of Manmohan Singh II. Explain the Eighth five-year plan 1992-1997 The Eighth five-year plan targeted a massive scale transition of the Indian economy. Quality of life, generation of productive employment, regional balance and self-reliance.

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India’s Eighth Five

8th five year plan of india

Raising agriculture output to 4 percent. Its main focus was on the agricultural development of the country. The Ninth Plan tried primarily to use the latent and unexplored economic potential of the country to promote economic and social growth. Since then, many countries have implemented Five-Year Plans including India. It was based on the Harrod-Domar model with a few modifications.

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List of all Five Year Plans of India

8th five year plan of india

This was done through various detailed efforts and strategies. Empowerment through education and skill development. An average annual growth rate of 6. The main target of this plan was to make the economy independent. Economic planning in India started after independence in the year 1950 when it was deemed necessary for economic growth and development of the nation. Furthermore, available resources need to be better targeted and effective safety nets need to be designed to protect poor and vulnerable sections against income fluctuations and market failures.

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Economic Planning

8th five year plan of india

While preparing for the UPSC Exam, Economic Planning should be approached in a systematic manner. According to some reports, it was freedom fighter Subhash Chandra Bose who first set up a National Planning Committee in 1938. Consistent with the expected resources, the size of the plan of the States and Union Territories was projected at Rs. This plan failed and could achieve a growth rate of 3. Â The service industry had a growth rate of 7. The Five-Year Plans were laid to rest by the Narendra Modi-led NDA government in 2015.

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Eighth Five Year Plan in India (1992

8th five year plan of india

Nature of Indian Economy: Structure and Key Features 11. Rehabilitation of refugees, rapid agricultural development to achieve food self-sufficiency in the shortest possible time and control of inflation. Eighth Five Year Plan could not take place due to the volatile political situation at the centre. In the first two years the achieved growth rate was in the tune of 7. It was the commencement of Liberalization and Privatization in India.

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Eighth Five Year Plan (1992

8th five year plan of india

This plan failed to achieve the growth target of 6. Twelfth Five Year Plan: I. Some of the main economic outcomes during the eighth plan period were rapid economic growth highest annual growth rate so far — 6. The provision of proper drinking water was targeted under this plan. The plan helped in the development of income-generating assets in rural areas and provided the rural dwellers with a chance to earn their livelihood through sustainable ways. According to Economic Survey, 1998 there is evidence that various employment generation and anti­poverty programmes have started showing positive results.

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Eighth Five Year Plan India

8th five year plan of india

Mahalanobis Model made in the year 1953. Since 1947, the Indian economy has been premised on the concept of planning. It was targeted on the development of major parameters in this direction, like provision of safe drinking water, adequate maintenance of literacy levels, proper roads, and housing facilities. Price controls were eliminated and ration shops were closed. The Eleventh Plan completed its term in March 2012 and the Twelfth Plan is currently underway. Its duration was from 2007 to 2012, under the leadership of II.

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List of All 12 Five

8th five year plan of india

How many types of economic planning are there? Background of the Eighth Five Year Plan India: Just before the formulation of the Eighth Five Year Plan India, there was great political instability in India which hindered the implementation of any five years plan for the following two years after the Seventh Five Year Plan.  Subsequently, Planning Commis­sion was set up on 15 March 1950 and the plan era started from 1 April 1951 with the launch­ing of the First Five Year Plan 1951-56. Yet, industrial growth was 4. Others like Karnataka and Andhra Pradesh have uneven development with world class economic centres in cities and a relatively less developed hinterland. Visvesvaraya is regarded as a pioneer of economic planning in India. Jawaharlal Nehru First Plan 1951—1956 The first Indian prime minister, Jawaharlal Nehru, presented the First Five-Year Plan to the Parliament of India and needed urgent attention.

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Economic Planning In India

8th five year plan of india

It was made for the duration of 1956 to 1961, under the leadership of Jawaharlal Nehru. Three plans were introduced under the Rolling plan: 1 For the budget of the present year 2 this plan was for a fixed number of years-- 3,4 or 5 3 Perspective plan for long terms-- 10, 15 or 20 years. Financial resources have to be mobilised by both the centre and the states. Meanwhile India became a member of the World Trade Organization on 1 January 1995. Welfare Programmes by the Government of India 4. Emphasis on policies and programs that would accelerate the growth in foodgrains production, increase employment opportunities and raise productivity Annual Plans 1989-1991 It was the beginning of privatization and liberalization in India. Therefore, under pressure, India took the jeopardy of reforming the socialist economy.

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