Five Year Plans

Introduction

At the time of Independence, the main challenges in front of India were to provide food to Indian population, eliminate poverty, improve the quality of life, etc. The government set up the Planning Commission in 1950. The planning commission has adopted the five year plan approach to promote economic development through economic planning.

In India, the Planning Commission was set up in 1950 and the First Five Year Plan was launched on 1st April, 1951 for the period 1951-1956. The objectives of the first five year plan were:

    To increase national income at the rate of 2.1% per annum

    To improve the standard of living

    Achieving food self-sufficiency

The Second Five Year Plan (1956-61) aimed at rapid industrialisation with special emphasis on the development of basic and heavy industries. The Third Five Year Plan (1961-66) aimed at Establishment of a self-reliant and self-generating economy and more stress on agricultural and industrial development. It was a complete failure on account of: (i) War with China and Pakistan and (ii) The failure of agriculture.

During the three years 1966-69, no planning exercise took place. This period is also termed as ‘plan holiday’

The Fourth Five Year Plan (1969-74) aimed to attain the growth with stability; self- reliance. The Fifth Five Year Plan was launched in 1974-79 and emphasis was put on the implementation of new economic policy, popularly known as 20-point economic programme.

The Sixth Five Year Plan originated from 1980-85.The objectives of the sixth five year plan were:

    Improving the rate of economic growth.

    Modernisation of the economy.

The Seventh Five Year Plan was initiated in 1985-90. And the Eighth Five Year Plan and ninth Five Year Plan in 1992-97 and 1997-2002, respectively.

The Tenth Five Year Plan (2002-2007) had remarkable achievements. They were:

    Indian economy emerged as the second fastest growing economy in the world only next to China.

    It achieved a remarkable growth rate of 8% per annum.

The achievement of the eleventh Five Year Plan 2007-2012 was that the country achieved the 8% growth rate, despite of financial crisis and economic slowdown.

The main objectives of 12th Five Year Plan 2012-2017 are: Growth should accelerate at a faster pace targeted at 8.2% and also it should be more inclusive.

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  • Q1

    In which plan was the 20-Point Economic Programme introduced?

    Marks:1
    Answer:

    The 20-Point Economic Programme was introduced in the Fifth Plan.

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  • Q2

    What was the time period of the Eighth Five-Year Plan?

    Marks:1
    Answer:

    The time period of the Eighth Five-Year Plan was 1992-97.

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  • Q3

    What was the core theme of the Eleventh Five Year Plan?

    Marks:1
    Answer:

    The core theme of the Eleventh Five Year Plan was ‘rapid and inclusive growth’.

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  • Q4

    How many plans have so far been executed in India? State their duration.

    Marks:3
    Answer:

    There are twelve five year plans which have been executed so far.
    Duration of all five year plans is:

    Plans

    Time period

    First five year plan

    1951-56

    Second plan

    1956-61

    Third plan

    1961-66

    Three one year plan

    1966-69

    Fourth plan

    1969-74

    Fifth plan

    1974-79

    Sixth plan

    1980-85

    Seventh plan

    1985-90

    Eighth plan

    1992-97

    Ninth plan

    1997-2002

    Tenth plan

    2002-2007

    Eleventh plan

    2007-2012

    Twelfth plan

    2012-2017

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  • Q5

    State the time period and objectives of Eleventh Five Year Plan.

    Marks:3
    Answer:

    The Eleventh Five Year Plan was started on 1st April 2007 for the period 2007-2012.

    The main objectives for this planning period are:

    1. Main emphasis on social sector.

    2. Generation of adequate employment opportunities.

    3. Reduction of poverty

    4. Spread of education.

    5. Expansion of health care facilities.

    6. Development of economic infrastructure;

    7. Population control; &

    8. Control on inflationary pressures.

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