The concept of economic planning in India is derived from the Russia (then USSR). India has launched 12 five year plans so far. First five year. Read this article to know all about the Planning Commission, Five-year plans and Know About Planning Commission and its Five Year Plans – Download PDF. A modern taxation system began to emerge at the beginning of the Third Five Year Plan period. Although the tax base was low, a total of Nu millions was.
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From to , the Indian economy was premised on the concept of planning. This was .. Archived from the original (PDF) on 22 September History of Planning in India & Origin of Five Year Plans: inception of First Five Year Plan, theoretical efforts had begun much earlier, even prior. The Five-Year Plan was adopted by the Library Board of Trustees on April 28, Libraries () soundofheaven.info
This plan was terminated in Ninth Five Year Plan: List of five year plans of India. The government of India declared "Devaluation of Rupee" to increase the exports of the country. The First Five-year Plan was launched in which mainly focused in development of the primary sector.
Fifth Five Year Plan: Its duration was to Sixth Five Year Plan: The basic objective of this plan was poverty eradication and technological self reliance. It was based on investment yojna, infrastructural changing and trend to growth model.
Its growth target was 5. Seventh Five Year Plan: Structure and Key Features Eighth Five Year Plan: Duing this plan Narasimha Rao Govt. This plan was successful and got annual growth rate of 6.
Ninth Five Year Plan: It was launched in the 50th year of independence of India. Tenth Five Year Plan: This plan aims to double the per capita income of India in the next 10 years.
Its growth target was 8. Eleventh Five Year Plan: It was prepared by the C. Its growth rate target was 8. Twelfth Five Year Plan: Its duration is from to It is the current five year plan of India. Read more: Physics Set II.
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There was also a severe drought in The war led to inflation and the priority was shifted to price stabilisation.
The construction of dams continued. Many cement and fertilizer plants were also built. Punjab began producing an abundance of wheat. Many primary schools were started in rural areas. In an effort to bring democracy to the grass-root level, Panchayat elections were started and the states were given more development responsibilities.
State electricity boards and state secondary education boards were formed. States were made responsible for secondary and higher education. State road transportation corporations were formed and local road building became a state responsibility.
The target growth rate was 5. Due to miserable failure of the Third Plan the government was forced to declare "plan holidays" from —67, —68, and — Three annual plans were drawn during this intervening period. During —67 there was again the problem of drought. Equal priority was given to agriculture, its allied activities, and industrial sector.
The government of India declared "Devaluation of Rupee" to increase the exports of the country. The main reasons for plan holidays were the war, lack of resources and increase in inflation.
At this time Indira Gandhi was the Prime Minister. The Indira Gandhi government nationalised 14 major Indian banks and the Green Revolution in India advanced agriculture. In addition, the situation in East Pakistan now Bangladesh was becoming dire as the Indo-Pakistan War of and Bangladesh Liberation War took funds earmarked for industrial development.
India also performed the Smiling Buddha underground nuclear test Pokhran-1 in Rajasthan on May 18, , partially in response to the United States deployment of the Seventh Fleet in the Bay of Bengal. The fleet had been deployed to warn India against attacking West Pakistan and extending the war. The plan also focused on self-reliance in agricultural production and defence.
In the newly elected Morarji Desai government rejected the plan. The Electricity Supply Act was amended in , which enabled the central government to enter into power generation and transmission. The Indian national highway system was introduced and many roads were widened to accommodate the increasing traffic. Tourism also expanded. The twenty-point programme was launched in It was followed from to The objective of the programme is to provide certain basic minimum needs and thereby improve the living standards of the people.
It is prepared and launched by D. This plan was again rejected by the Indian National Congress government in and a new Sixth Plan was made. The Rolling Plan consisted of three kinds of plans that were proposed. The First Plan was for the present year which comprised the annual budget and the Second was a plan for a fixed number of years, which may be 3, 4 or 5 years.
Plan number two kept changing as per the requirements of the Indian economy. The Third Plan was a perspective plan for long terms i.
Hence there was no fixation of dates for the commencement and termination of the plan in the rolling plans.
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.
Also, the frequent revisions resulted in the lack of stability in the economy.
The Sixth Five-Year Plan marked the beginning of economic liberalisation. Price controls were eliminated and ration shops were closed. This led to an increase in food prices and an increase in the cost of living. This was the end of Nehruvian socialism. The National Bank for Agriculture and Rural Development was established for development of rural areas on 12 July by recommendation of the Shivaraman Committee.
Family planning was also expanded in order to prevent overpopulation. In contrast to China's strict and binding one-child policy , Indian policy did not rely on the threat of force [ citation needed ]. More prosperous areas of India adopted family planning more rapidly than less prosperous areas, which continued to have a high birth rate.
The plan laid stress on improving the productivity level of industries by upgrading of technology.
The main objectives of the Seventh Five-Year Plan were to establish growth in areas of increasing economic productivity, production of food grains, and generating employment through "Social Justice". As an outcome of the Sixth Five-Year Plan, there had been steady growth in agriculture, controls on the rate of inflation, and favourable balance of payments which had provided a strong base for the Seventh Five-Year Plan to build on the need for further economic growth.
The Seventh Plan had strived towards socialism and energy production at large. The thrust areas of the Seventh Five-Year Plan were: The Planning Commission operated as an advisory body.
It was headed by the Prime Minister and usually had a full-time Deputy Chairman. The Planning Commission had some shortcomings and was felt outdated for modern India. Let us see what factors made the Planning Commission of India insufficient and archaic body. We hope you found this article on Planning Commission helpful.
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