Introduction
In this article you will know about "All Five Year Plan In India", but first of all lets talk about what is Five Year Plans.Five Year Plans (FYPs) are centralised and integrated national economic programs. Josheph stalin was the first person to implement the Five - Year Plan in the Soviet Union, in the year 1928.
India launched a series of 'Five Year Plans' after independence to build its economy and attain development.
India adopted the model of Five Year Plans as pioneered by the soviet Union. The Five Year plans were formulated, implemented and regulated by a body known as the Planning Commission. Planning Commission was set up in 1950 , under the chairmanship of the then Prime Minister Pandit Jawaharlal Nehru.
It is important to note that the planning commission has now been dissolved. In January 2015 , it has been replaced by 'Niti Aayog'. The role of Niti Aayog is to suggest policies to accelerate the pace of GDP growth.
Read more: Role of education in human capital formation https://theeducationtheory.blogspot.com/2023/08/role-of-education-in-human-capital.html?m=1
All Five Year Plans in India
First Five Year Plan (1951-56) :
The first Five year plan laid the thrust of economic development in India. It was presented by the first Indian Prime Minister, Pandit Jawaharlal Nehru to the parliament of India. It mainly focused on the agriculture sector including investment in dams and irrigation.
Second Five Year Plan (1956-61) :
The second Five year plan stressed rapid industrialisation and the public sector. It was drafted and planned under the leadership of P.C Mahalanobis. It focused on quick development of structure of India.
Third Five Year Plan (1961-66) :
This plan focused on agriculture and improvement in the production of wheat. The main target of this plan was to make the economy independent and to reach self active position of take off.
Fourth Five Year Plan (1969-74) :
It was introduced under the Prime Ministership of Indira Gandhi and attempted to correct the previous failures. It adopted the objective of correcting the earlier trend of increased concentration of wealth and now focused on growth with stability and progress towards self reliance.
Fifth Five Year Plan (1974-78) :
It laid stress on increasing employment and poverty alleviation ( garibi hatao) . The Indian National Highway System was introduced. The Minimum Needs Programme introduced in this plan, aimed to provide basis needs to poor people.
Rolling Plan (1978-80) :
This was a period of instability. A rolling plan is one in which the effectiveness of the plan is evaluated annually and a new plan is created the following year based on this evaluation.
Sixth Five Year Plan (1980-85) :
The sixth Five year plan marked the beginning of economic liberalisation by eliminating price controla. Its primary goal was to increased employment, rapid industrialisation and poverty reduction.
Seventh Five Year Plan (1985-90) :
This plan was lead by the Prime Ministership of Rajiv Gandhi. It focused on improving industrial productivity levels through the use of technology. Its objectives included increasing economic productivity, increasing the production of food grains and generating employment by providing social justice.
Annual Plans (1990-92) :
The eighth Five year plan was not introduced in 1990 and the following years 1990-91 and 1991-92 were treated as Annual Plans. This was because of economic instability and problems.
Eighth Five Year Plan (1992-97) :
This plan promoted the modernisation of industries. The goals were to control population growth, reduce poverty, generate employment, manage tourism, focus on human resource development etc. India became a member of the World Trade Organisation on 1 January 1995 .
Ninth Five Year Plan (1997-2002) :
The ninth Five year plan came after 50 years of Indian Independence. Atla Bihari Vajpayee was the prime minister of India during ninth plan. Its objective is " Growth with social justice and equality ". The ninth plan offered support for social spheres to achieve complete elimination of poverty and witnessed the joint efforts of public and private sectors .
Tenth Five Year Plan (2002-07) :
The objectives of this plan were to promote inclusive growth and equitable development. It aimed at reducing the poverty by half and creating employment for people. It also aimed to reduce regional inequalities, emphasised reducing the gender gaps in the field of education and wage rate by 2007.
Eleventh Five Year Plan (2007-2012) :
Its main motive was rapid and more inclusive growth. Its aim is to increase enrolment in higher education and focused on distant education. It also aimed at environmental sustainability and reduction in gender inequality.
Twelfth Five Year Plan (2012-17) :
The last Five year plan had " Faster, More Inclusive and Sustainable Growth " as it's theme. Its motive is to strengthening infrastructure projects, and providing electricity supply in all villages . It also aimed at removing the gender and social gap in admission at school and improved access to higher education.
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