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| Five Years Plan in India |
This chapter is not only the view of academic but also for all competitive exams. So read carefully and share this more and more.
Some remembering points of this chapter :
1. Economic planning
2. Need for planning in India
3. Directive Planning and Comprehensive Planning
4. Types of Economies :
(i) Capitalist Economy
(ii) Socialist Economy
(iii) Mixed Economy
5. Long Period Goals of Planning in India
(i) GDP growth
(ii) Full Employment
(iii) Equitable Distribution or Equity
(iv) Modernization
(v) Self-sufficiency
6. Short Period Goals of Planning in India
A) 1st plan : Apr. 1, 1951 - Mar. 31, 1956 = Increase in agricultural production, Equitable Distribution of Production, income and wealth
B)2nd plan Apr1,1956-mar31,1961=inc.
In industrial production, development of heavy industry.
C)3rd plan:Apr1,1961-mar.31,1966=self sufficiency in food grain production, Generation of employment opportunities, Reduction in inequality.
D)4th plan:
Apr1,1969-mar31,1974=Accelerating the process of growth,price stability
E)5th plan:
Apr.1,1974-mar.31 1979=
Raising the living standard
With a focus on weaker sections of the society.
F)6 th plan:
Apr.1,1980-mar.31,1985=
Removal of poverty, Reduction of inequality, Development of infrastructure.
G)7th plan:
Apr.1,1985-mar.31,1990=
Generation of employment opportunities, increase in agriculture productivity.
H) 8 th plan:
Apr.1,1992-mar.31.1997=
Fuller utilisation of manpower by the turn of the century, universalisation of elementary education, strengthening of infrastructure.
I)9 th plan:
Apr1,1992-mar31 2002=
Agriculture and rural development, Growth with price stability, Checking the growth of population.
J) 10 th plan:
Apr.1,2002-mar.31,2007=
Improving the quality of life through better health and educational facilities and improved through inclusive growth.
K) 11th plan:
Apr.1,2007-mar.31,2012=
Multiple targets convering not only growth but also poverty reduction, improvement quality of education and public health service, strategy of second green revolution, Generating high quality of job, protection of environment.
L)12th plan:
Apr.1,2012-mar.31,2017=
Faster sustainable and more exclusive growth.
7. Success or Achivement of Planning
(i) increase in national income
(ii) increase in per capita income
(iii) rise in savings and investment
(iv) institutional and technical change in agriculture
(v) growth and diversification of industry
(vi) economic infrastructure
(vii) social infrastructure
(viii) Employment
(ix) international trade
8. Failures of Planning in India
(i) abject poverty
(ii) high rate of inflation
(iii) unemployment crises
(iv) inadequate infrastructure
(v) skewed distribution
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