Five year plans in india summary. 3 Summary Five Year Plans in India (1).pdf 2023-01-04

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India has a long history of implementing Five-Year Plans as a means of economic development. The first Five-Year Plan was launched in 1951, just a few years after India gained independence from British rule. Since then, the country has implemented a total of twelve Five-Year Plans, with the most recent one being the Twelfth Five-Year Plan, which ran from 2012 to 2017.

The main objective of the Five-Year Plans in India is to promote balanced and rapid economic development by focusing on specific sectors and regions. The Planning Commission, an apex body responsible for the formulation and implementation of the Five-Year Plans, works closely with state governments and other stakeholders to identify priority areas and allocate resources accordingly.

One of the main features of the Five-Year Plans in India is the emphasis on mixed economic development, which combines both public and private sector participation. The government plays a crucial role in providing infrastructure, such as roads, power, and irrigation facilities, while the private sector is encouraged to invest in areas such as industry, agriculture, and services.

Over the years, the focus of the Five-Year Plans in India has evolved to meet the changing needs of the country. The early plans were primarily geared towards achieving self-sufficiency in food production and improving basic infrastructure. The later plans, on the other hand, have focused more on issues such as employment generation, poverty reduction, and environmental sustainability.

Despite the overall success of the Five-Year Plans in India, there have been some criticisms as well. Some have argued that the planning process is too centralized and does not adequately take into account the needs and priorities of different states and regions. Others have pointed out that the implementation of the plans has not always been effective, due to issues such as inadequate resources, bureaucratic hurdles, and corruption.

In conclusion, the Five-Year Plans in India have played a crucial role in the country's economic development over the past seven decades. While there have been challenges and criticisms, the overall impact of the plans has been positive, and they continue to be an important tool for shaping the direction of the country's economic growth.

3 Summary Five Year Plans in India (1).pdf

five year plans in india summary

This phase was dominated by the growth-oriented development strategy Plan Notes Three Annual Plans 1966-69 Plan holiday for 3years Prevailing crisis in agriculture and serious food shortage necessitated the emphasis on agriculture during the Annual Plans During these plans a whole new agricultural strategy was implemented. During this plan, Narasimha Rao Govt. Based on a 15-year period of striving towards steady growth, the Seventh Plan was focused on achieving the prerequisites of self-sustaining growth by 2000. Therefore, the emphasis was to encourage economic growth rate with faster, sustainable and inclusive growth. Indian Economy: Problems of development and planning. Certain goals to be accomplished in the Long time period are GDP Growth, the maximum level of employment, equal distribution of resources, promotion of equitable distribution to uplift poor section, make people self-sufficient and of course modernization.

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Five Year Plans of India (Summary): Objectives, Achievements, Failures

five year plans in india summary

The five-year plans are targeted to the reduction and removal of the dominance of poverty. Annual Plan 1978-80 Also called the Rolling Plan, it helped to achieve the targets of the previous years. During this plan, prices increased by 30%, against a decline of 13% during the First Plan Third Plan 1961 - 66 Target Growth: 5. References: th Book Indian Economic Development by TR Jain AND VK Ohri Categories A drop of ink may make millions think. Between 1990 and 1992, there were only Annual Plans. This plan strove to achieve socialism and expand the production of energy.

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Five Year Plans of India

five year plans in india summary

The rationale behind this is that agriculture is the major occupation as well as the backbone of the country. Many experts questioned this strategy, and India experienced a payment problem in 1957 as a result. To promote democracy, there was commencement of the Panchayat elections. From April 1, 2017, the Niti Aayog, which succeeded the Planning Commission in the Modi Cabinet, has been launching three-year action plans. However, there were many changes in the Government at the Center, which led to the reconstitution of the Planning Commission and the preparation of different versions of the approach to the Eighth Plan. The first five year plan in India was launched in 1951.

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Five Year Plan of India: Objectives, Approach to Plan and Concepts

five year plans in india summary

However, its tenure ended after 2 years and the new government came up with a new five-year plan. Three Annual Plans 1966- 69 : Plan Holiday Five Year Plans in India Failure of Third Plan that of the devaluation of rupee to boost exports along with inflationary recession led to postponement of Fourth FYP. This was planned through the promotion of higher growth rates, better income distribution, and also a significant increase in the domestic rate of saving. The North eastern part of the country, witnessed increase in the number of railway tracks. The approached paper for the Twelfth Plan, approved last year, talked about an annual average growth rate of 9%.

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5

five year plans in india summary

At the end of this plan, five IITs were set up in the country. Plan Target Actual First plan 1951-1956 2. It was launched in the 50th year of independence of India. It proposed to achieve two main objectives: 'removal of poverty' Garibi Hatao and 'attainment of self reliance' Fifth Plan 1974-79 Promotion of high rate of growth, better distribution of Target Growth: 4. These are of 5 years in duration hence; these are known as the five years plan.


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Five Year Plans in India

five year plans in india summary

Seventh Five Year Plan of India 1985 — 90 The country enjoyed a reasonable rate of economic growth 5. However, another Indo-Pak war in 1971-72 created a financial crunch for the plan. My core areas are Economics and Political Science. It involving wide-spread distribution of high-yielding varieties of seeds, extensive use of fertilizers, exploitation of irrigation potential and soil conservation. Broadly we can divide this whole era into two phases that are before liberalization and after liberalization. The demographic profile of population was so unbalanced.

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Summary Five Year Plans In India [6nq80k3pepnw]

five year plans in india summary

The target for the annual growth rate was 5%. Influx of Bangladeshi refugees before and after 1971 Indo-Pak war was an important issue along with price situation deteriorating to crisis proportions and the plan is considered as big failure. This led to the failure of the plan. The intervention of government with various policies, programs, and schemes is obviously crucial for society. The Eleventh Plan started well with the first year achieving a growth rate of 9. Increase literacy rate for persons of age 7 years or above to 85%.

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Five Year Economic Planning in India: UPSC Economic Notes

five year plans in india summary

Peasants were to be guaranteed remunerative prices for their products and a reasonable relation was to be established between the prices of agricultural products and manufactured goods. However, this measure to control population was not accepted across India. The objectives of this plan include the establishment of a self-sufficient economy, opportunities for productive employment, and up-gradation of technology. During the Annual Plans, the economy absorbed the shocks generated during the Third Plan It paved the path for the planned growth ahead. During the Annual Plans, the economy absorbed the shocks generated during the Third Plan It paved the path for the planned growth ahead. Through this plan the reduction of deficit and foreign debt was aimed at. Radical land reforms were to be carried out.

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Five

five year plans in india summary

Retrieved 9 August 2013. Although, the decided target of 5. I will go for UPSC to administer people using my skills and aptitudes. The objectives were a doubling of the output of the agricultural sector and a five-fold growth in the industrial sector over a 15 year period. Three Annual Plans were introduced instead.


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