12th 5 Year Plan Pdf
Newer Post Older Post Home. Many dams were constructed during this period. It started taking measures to overcome the crisis. Family planning was also expanded in order to prevent overpopulation.
Instead, it responded to the need of the hour. It is prepared and launched by D.
Self-Sufficiency in Agricultural Production. In the later stages the increase in the supply of food grains and the export of minerals and oil reserve earned quite a good amount of foreign exchange to the Indian Economy. The Ninth Plan tried primarily to use the latent and unexplored economic potential of the country to promote economic and social growth. The war led to inflation and the priority was shifted to price stabilisation.
As a consequence the prices of various goods increased leading to growth in the standard of living of the residents of India. It also sets targets for various economic and social sectors relating to poverty alleviation, infant mortality, enrolment ratio and job creation. Segment of consumption goods.
The main disadvantage of this plan was that if the targets were revised each year, it became difficult to achieve the targets laid down in the five-year period and it turned out to be a complex plan. Most communist states and several capitalist countries subsequently have adopted them. On one hand it had improved the tourism industry in India and on the other hand it aimed at development in the Information Technology sector. The Planning Commission has been entrusted with the responsibility of the creation, development and execution of India's five year plans.
State road transportation corporations were formed and local road building became a state responsibility. New Introduction on the Economic Front. The total planned budget of Rs. This helped in the betterment of the traffic system in India.
Five-Year Plans of India
Manmohan Singh later Prime Minister of India launched India's free market reforms that brought the nearly bankrupt nation back from the edge. It is mainly focused on health. Owing to India's five year plans, great advancement has been made with regard to India's national income. Ration shops were closed because government no more produced articles at a subsidized rate. These workers were also granted fund for experimenting and undergoing training in agricultural know how in various cooperative institutions.
The need for foreign reserves was felt. With the prime minister as the ex-officio chairman, the commission has a nominated deputy chairman, who holds the rank of a cabinet Minister.
The plan attempted to determine the optimal allocation of investment between productive sectors in order to maximise long-run economic growth. The transition was not easy. Economic Liberalization was introduced for the first time in India during this period. Effective usage of the resources would eventually ensure an enhancement in output.
The commission had accepted Finance Minister P. The transport and communication system also improved under this Plan.
India's five year plans are also supervised by the Planning commission. National income increased more than the per capita income due to rapid population growth. Revised versions of the formula have been used since then to determine the allocation of central assistance for state plans.
At this time Indira Gandhi was the Prime Minister. This slowed down the pace of progress. Under the Seventh Five-Year Plan, India strove to bring about a self-sustained economy in the country with valuable contributions from voluntary agencies and the general populace. The world economy was in a troublesome state when the fifth five year plan was chalked out. The Mahalanobis model was propounded by the famous Prasanta Chandra Mahalanobis in.
Measures against Population Explosion. World bank and economic development of India. Five year plans were introduced by the Indian government, so that people could make the optimum use of the resources better their living standards. Food grains production increased to bring about self sufficiency in production.
India has taken giant strides and today it is considered as one of the emerging powers. More railway lines were added in the north east.
The main reasons for plan holidays were the war, lack of resources and increase in inflation. They not only lay out the plans but also monitor the execution of those plans and make sure that all the machineries of the Center and the state work in coordination. Even the workers who were more inclined towards the leftist ideology were not much convinced. Coal production was increased. However, it interview questions and answers pdf this measure to control population was not accepted across India.
The basic objective of this period was the modernization of industrial sector. Problems of development and planning. Therefore care was taken to establish a harmony in all the sectors that are contained in an economy. The Planning Commission was responsible for working out the plan.
His model addresses different issues pertaining to economic development. Thus, under pressure, the country took the risk of reforming the socialist economy.
Self-sufficiency in agricultural production was a top priority during India's eighth Five Year Plan since most of the population depended on that. The main objective of the Ninth Five-Year Plan was to correct historical inequalities and increase the economic growth in the country. The sixth five year plan has changed a lot of things in India.
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