FIVE YEAR PLANS

SUMMARY OF FIVE YEAR PLANS IN INDIA 

SINCE INDEPENDENCE  , THE INDIAN ECONOMY HAS BEEN PREMISED ON THE CONCEPT OF PLANNING. THIS HAS BEEN CARRIED THROUGH THE FIVE YEAR PLANS , DEVELOPED , EXECUTED , AND MONITORED BY THE PLANNING COMMISSION. WITH THE PRIME MINISTER AS THE EX-OFFICIO CHAIRMAN , THE COMMISSION HAS A NOMINATED DEPUTY CHAIRMAN , WHO HOLDS THE RANK OF A CABINET MINISTER. MONTEK SINGH AHLUWALIA IS CURRENTLY THE DEPUTY CHAIRMAN OF THE COMMISSION.TWELFTH PLAN IS CURRENTLY UNDERWAY.

HERE IS SUMMARY OF ALL FIVE YEAR PLAN:

PLAN	DURATION	OBJECTIVE	NOTES
FIRST PLAN	1951-56	DEVOLOPMENT IN AGRICULTURE	IT WAS BASED ON HARROD-DOMAR MODEL.
			COMMUNITY DEVELOPMENT PROGRAM LAUNCHED IN 1952
			FOCUS ON AGRICULTURE , PRICE STABILITY , POWER AND TRANSPORT
			IT WAS A SUCCESSFUL PLAN PRIMARLY BECAUSE OF GOOD HARVESTS IN THE LAST TWO YEARS OF THE PLAN
SECOND PLAN	1956-61	INDUSTRIAL DEVELOPMENT	ALSO CALLED MAHALANOBIS PLAN NAMED AFTER THE WELL KNOWN ECONOMIST
			FOCUS-RAPID INDUSTRIALIZATION
			ADVOCATED HUGE IMPORTS THROUGH FOREIGN LOANS.
			SHIFTED BASIC EMPHASIS FROM AGRICULTURE TO INDUSTRY FAR TOO SOON.
			DURING THIS PLAN , PRICES INCREASED BY 30 %, AGAINST A DECLINE OF 13 % DURING THE FIRST PLAN
			TARGET GROWTH : 4.5% ACTUAL GROWTH :4.27 %
THIRD PLAN	1961-1966	AGRICULTURAL DEVELOPMENT	AT ITS CONCEPTION , IT WAS FELT THAT INDIAN ECONOMY HAS ENTERED A TAKE-OFF STAGE.THEREFORE , ITS AIM WAS TO MAKE INDIA A ‘SELF RELIANT’ AND ‘SELF GENERATING’ ECONOMY
			BASED ON THE EXPERIENCE OF FIRST TWO PLANS , AGRICULTURE WAS GIVEN TOP PRIORITY TO SUPPORT THE EXPORTS AND INDUSTRY.
			CAMPLETE FAILURE IN REACHING THE TARGETS DUE TO UNFORESEEN EVENTS
			TARGET GROWTH: 5.6 % ACTUAL GROWTH: 2.84 %
THREE ANNUAL PLANS ( PLAN HOLIDAY FOR 3 YEARS )	1966-69	AGRICULTURAL DEVELOPMENT	PREVAILING CRISIS IN AGRICULTURE AND SERIOUS FOOD SHORTAGE NECESSITATED THE EMPHASIS ON AGRICULTURE DURING THE ANNUAL PLANS
			DURING THESE PLANS A WHOLE NEW AGRICULTURAL STRATEGY WAS IMPLEMENTED. IT INVOLVING WIDE-SPREAD DISTRIBUTION OF HIGH-YEILDING VARIETIES OF SEEDS, EXTENSIVE USE OF FERTILIZERS.
			DURING THE ANNUAL PLANS ,  THE ECONOMY ABSORBED THE SHOCKES GENERATED DURING THE THIRD PLAN
			IT PAVED THE PATH FOR THE PLANNED GROWTH AHEAD.
FOURTH PLAN	1969-74	STABLE DEVELOPMENT	MAIN EMPHASIS WAS ON GROWTH RATE OF AGRICULTURE TO ENABLE OTHER SECTORS TO MOVE FORWARD
			FIRST TWO YEARS OF THE PLAN SAW RECORD PRODUCTION. THE LAST THREE YEARS DID NOT MEASURE UP DUE TO POOR MONSOON
			INFLUX OF BANGLADESHI REFUGEES BEFORE AND AFTER 1971 INDO-PAK WAR AS IMPORTANT ISSUE
			TARGET GROWTH: 5.7 % ACTUAL GROWTH:3.30 %
FIFTH PLAN	1974-79	ERADICATION OF POVERTY	THE FIFTH PLAN WAS PREPARED AND LAUNCHED BY D.D.DHAR
			IT PROPOSED TO ACHIEVE TWO MAIN OBJECTIVES: ‘ REMOVAL OF POVERTY’ ( GARIBI HATAO ) AND ‘ATTAINMENT OF SELF RELIANCE’
			PROMOTION OF HIGH RATE OF GROWTH ,  BETTER DISTRIBUTION OF INCOME AND SIGNIFICANT GROWTH IN THE DOMESTIC RATE OF SAVINGS WERE SEEN AS KEY INSTRUMENTS
			THE PLAN WAS TERMINATEDIN 1978 (INSTEAD OF 1979) WHEN JANTA PARTY GOVT.ROSE TO POWER.
			TARGET GROWTH: 4.4 % ACTUAL GROWTH: 3.8 %
SIXTH PLAN	1980-95	ERADICATION OF POVERTY AND UNEMPLOYMENT	FOCUS ON INCREASE IN NATIONAL INCOME , MODERNIZATION OF TECHNOLOGY ,  ENSURING CONTINUOUS DECREASE IN POVERTY AND UNEMPLOYMENT , POPULATION CONTROL THROUGH FAMILY PLANNING ..etc
			TARGET GROWTH : 5.2 % ACTUAL GROWTH : 5.66 %
SEVENTH PLAN	1985-1990	ERADICATION OF POVERTY	FOCUS ON RAPID GROWTH IN FOOD- GRAINS  PRODUCTION , INCREASED EMPLOYMENT OPPORTUNITIES AND PRODUCTIVITY WITHIN THE FRAMEWORK OF BASIC TENANTS OF PLANNING.
			THE PLAN WAS VERY SUCCESSFUL , THE ECONOMY RECORDED 6 % GROWTH
			TARGET GROWTH : 5 % ACTUAL GROWTH :6.01%
EIGHTH PLAN	1992-1997	HUMAN RESOURCE DEVELOPMENT	THE PLAN WAS POSTPONED BY TWO YEARS BECAUSE OF POLITICAL UNCERTAINTY AT THE CENTRE.
			WORSENING BALANCE OF PAYMENT POSITION AND INFLATION DURING 1990-91 WERE THE KEY ISSUES DURING THE LAUNCH OF THE PLAN
			THE PLAN UNDERTOOK DRASTIC POLICY MEASURES TO COMBAT THE BAD ECONOMIC SITUATION AND TO UNDERTAKE AN ANNUAL AVERAGE GROWTH OF 5.6 %
			SOME OF THE MAIN ECONOMIC OUTCOMES DURING EIGHTH PLAN PERIOD WERE RAPID ECONOMIC GROWTH , HIGH GROWTH OF AGRICULTURE AND ALLIED SECTOR , AND MANUFACTURING SECTOR , GROWTH IN EXPORTS AND IMPORTS , IMPROVEMENT IN TRADE AND CURRENT ACCOUNT DEFICIT.
NINTH PLAN	1997-2002	INCREASE IN GROWTH RATE	IT WAS DEVELOPED IN THE CONTEXT OF FOUR IMPORTANT DIMENSIONS: QUALITY OF LIFE , GENERATION OF PRODUCTIVE EMPLOYMENT , REGIONAL BALANCE AND SELF- RELIANCE.
			TARGET GRWOTH : 6.5 % ACTUAL GROWTH :5.35 %
TENTH PLAN	2002-2007	ERADICATION OF POVERTY AND CREATION OF JOB OPPORTUNITIES	8 % AVERAGE GDP GROWTH FOR THE PERIOD
			MORE INVESTOR FRIENDLY FLEXIBLE ECONOMIC REFORMS
			UNIVERSAL ACCESS TO PRIMARY EDUCATION
			CREATION OF 50 MILLIN EMPLOYMENT OPPORTUNITIES IN THE PLAN PERIOD.
			MOBILIZING AND OPTIMIZING ALL FINANCIAL RESOURCES.
ELEVENTH PLAN	2007-2012	DEVELOPMENT IN PRIMARY FACILITY	ACCELERATE GDP GROWTH FROM 8 5 TO 10 %
			REDUCE DROPOUT RATES  OF CHILDREN FROM ELEMENTARY SCHOOL FROM 52.2% TO 20 % BY 2012
			CREATE 70 MILLION NEW WORK OPPORTUNITIES
			ENSURE ELECTRICITY  CONNECTION TO ALL VILLAGES
TWELTH PLAN	2012-2017	STABLE DEVELOPMENT	AVERAGE GROWTH RATE HAS BEEN SET AT 8.2 %
			GROWTH RATE HAS BEEN LOWERED TO 8.2 % FROM THE 9 % PROJECTED EARLIER.
			SEEKS TO ACHIEVE 4 % AGRICULTURE SECTOR GROWTH DURING THE PLAN PERIOD
			PLANS TO BRING DOWN THE POVERTY RATIO BY 10 %
			THE OUTLAY ON HEALTH WOULD INCLUDE INCREASED SPENDING IN RELATED AREAS OF DRINKING WATER AND SANITATION.