Five year plans of India

Five Year plans of India Notes:

Dear Telangana Aspirants,

Indian economy has been developing from the starting stage of Five year plans or Assessment plans in India. These five year plans of India target different sectors in each plan and tries to improve their sector growth to targeted growth rate level. From This five year plans of India we achieved up to 8% of GDP growth rate and we are continuing to improve India’s GDP to 9%. In this post am giving notes on “Five Year plans of India”.  In this we discuss on the different five year plans of India and their objectives, growth rates and their improvement in development of Indian economy .This notes will be useful for job aspirants , who are preparing for Groups,Tspsc exams, AEE’s and Police jobs in telangana state.This notes will definitely helps to you get perfect score in the Telangana(TSPSC) exams.

Here are the Points to be Noted:

1. First Five Year plan (1951-56):

  • This plan was based on the Harrod-Domar Plan Model.
  • Community development program was launched in 1952.
  • This plan Focuses on agriculture sector, price stability in Indian economy, power and transportation systems.
  • This Plane became successful in developing agriculture, power and transportation sectors with a growth of 3.6% which is more than the targeted growth.

2. Second Five Year plan (1956-61):

  • This Plan is also called as P.C.Mahalonobis Plan which is named after a well know economist in the world.
  • It mainly Focused on rapid industrialization growth in India.
  • During this Plan , prices in India are increased by 30% against all industrial goods.
  • Advocated huge imports through foreign loans.
  • This plan got 4.1% of growth rate on Indian economy.

3. Third Five year plan (1961-66):

  • This plan was also called as ” Godgil Yojana ” Plan
  • To make India a “self-reliant” and “self-generating” economy.
  • This plan becomes Complete failure in reaching the targets due to sudden  events between- Chinese    aggression(1962), Indo-pak war (1965), severe drought (1965-66) due to this incidents this plan didn’t achieved its 5.6% growth rate on Indian economy.

4.  Three annual plans (1966-69):

  • The duration from 1966-69 is also called as “Plan Holiday for 3 Years
  • The main focus of this plan is Recover economy growth from previous failed 3rd Plan due to Indo-Pak war.
  • During these plans a whole new agricultural strategy was implemented.
  • It involves wide-spread distribution of high-yielding varieties of seeds, extent use of fertilizers, exploitation of irrigation and soil conservation.

5. Fourth Five Year plan (1969-74):

  • The Main objective of Fourth Five year plan is to achieve growth in agricultural sector and also to enable improvement in other sectors growth. 
  • The main slogan of Fourth five year plan is “ Garibi hatao” which is stated by Indira Gandhi during 1971 elections.
  • Although First 2 years of Fourth Five year plans gave record productions results but last 3 years are disappointed in agriculture sector because of bad monsoon weather.
  • Fourth five year plan target was to achieve 5.7% of growth but it didn’t reach the mark. Fourth five year plans achieved only 3.30% of growth.

6. Fifth Five Year plan (1974-79):

  • Fifth Five year plan is prepared by D.D.Dhar.
  • The main objective of Fifth Five Year plan is to increase Growth rate in agriculture sector, next preference Industrial sector and Mines
  • Removal of poverty (Garibi Hatao)
  • Attainment of self reliance
  • Promotion of high rate of growth, better distribution of income
  • This plan is terminated in 1978, which should be continued to 1979 because Janata party government rises to power in central.

7.Rolling plan (1978-80):

  • There were 2 sixth plans in Rolling Five Year Plans.
  • Janata government started a Five year plan duration from 1978-83 but the Janata Govt lasted for 2 years in Power. So this plan was terminated in 1980.
  • Congress Government returned to power in Central elections in 1980 and launched a different Five year plan in 1980.

8. Sixth Five Year plan (1980-85):

  • The main objective of Sixth five year plan is to Increase in national income.
  • Modernization of technology and ensuring continuous decrease in poverty and  unemployment
  • Population control through family planning.
  • It’s targeted Growth is 5.2% but it achieved 5.66% which is more than targeted growth.

9. Seventh Five Year plan (1985-90):

  • The main objective of Seventh Five year plan is to gain Rapid growth in food grains production
  • Increased employment opportunities and productivity
  • Seventh five year plan targeted growth is 5% but it achieved almost 6.01% . This plan is very successful in improving agricultural and industrial growth.

10. Eighth Five Year plan (1992-97):

  • The main objective of Eighth Five Year plan is to focus on Importance for HRD
  • This plan focus on Priority to education, health cleanliness and nutrition.
  • Liberalization, privatization and globalization (LPG) was introduced by Manmohan singh in this plan. This plan is called “Manmohan plan
  • Development of infrastructure.
  • It’s targeted Growth rate is 5.6% but it was so successful gained almost 6.8% of growth rate.

11. Ninth Five Year plan (1997-2002):

  • The main objective of Ninth five year plan is to give Qualify of live and Growth with social justice and equity
  • Ninth five year plan is launched on 50th Independence day of India.
  • Agriculture and rural development
  • Ensuring food and nutritional security for all.
  • Ensuring environmental sustainability.
  • It’s targeted growth rate is 6.5% but it achieved only 5.35% of growth rate.

12.Tenth Five Year plans (2002-07):

  • The main objective of tenth five year plan is to achieve a GDP growth rate of 8%.
  • Reduction of poverty ratio by 5% in 2007.
  • High quality employment to the addition to the labor force.
  • Universal access to primary education by 2007.
  • Agriculture sector declared as the prime moving force of the economy.
  • To improve literacy percentage to 72% in plan period and to improve 80% literacy rate in future up to 2012.
  • It focuses on gender gap reduction by 50% under the plan period.
  • Tenth five year plan achieved 7.2% of targeted growth.

13. Eleventh Five Year plans (2007-2012):

  • Eleventh Five year plan is prepared by C.Rangarajan.
  • The main objective of Eleventh five year plan is to achieve ” Faster, More inclusive growth
  • Main target of Eleventh five year plan is to increase GDP growth from 8% to 10% and also to achieve of improvement in 4% in every year in agriculture sector.
  • Eleventh five year plan created Extension of 70 million employment opportunities using MGNREGA.
  • It reduced school dropout percentage to 20% in 2012. which is 52.2% in 2003.
  • It also increased forest development and tree ares to gain growth in Environment sustainability.
  • This plan achieved WHO standards of Air pollution in all cities in India by the year of 2011-12

14.Twelfth Five Year plan (2012-17):

  • The main objective of Twelfth five year plan is to achieve “ Faster, More inclusive and sustainable growth
  • Main Goal of twelfth five year plan is to reduce poverty by 2% annually throughout the plan period.
  • GDP growth rate target is set to 9%, agriculture growth rate at 4% and manufacturing growth rate at 10%
  • Provide electricity to all villages by end of the plan
  • Connect road facility to all villages by the end of the plan
  • Increase 30000 MW of renewal energy capacity by the end of the plan.
  • Increasing Banking services to 90% on every Indian households.
  • All subsidies from central government and other pensions are directly transferred to their banks by Aadhar based direct cash transfer system.

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