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FIVE YEAR PLANS OVERVIEW
Written by Administrator   
Tuesday, 27 December 2011 08:01

PLAN

PERIOD

MODEL

MAIN OBJECTIVES

GROWTH RATE

SPECIAL FEATURES

I

1951-56

Harold Domar

Development of Agriculture

3.6%

It was the 1st Plan on social development i.e. Community Development (CDP) – 1952.

II

1956-61

Mahalnovis

Rapid Industrialization

4.2%

Started Industrialization

(These

Two Plans

Were most

Successful

Plans in India)

III

1961-66

1966-69

John Sandy and S. Chakravarty

Plan Holiday or Annual Plan

Self-Reliance and self sustained economy

2.7% (5-6 was target)

1st official declared fail plan in India. Causes two wars – 1962

1. Green Revolution 1966-67

2. Devaluation of Currency (2nd devaluation in India of currency)

1st was in 1949.

2nd was in 1991

IV

1969-74

Allen S.E. Mann and Ashok Rudra

Self-reliance and growth with stability

3.3% (target was 5.7%)

Causes – 1971 war, 1972-73 oil crisis.

Important events related with Policy change.

1. Nationalization of Banks in 1969 by Indira Gandhi.

2. MRTP Act – 1969 (Aggressive socialism).

3. J.P. Movement – Indira hatao followed by Garibi hatao by Congress Govt.

V

1974-79

1979-80

Planning Commission

Plan Holiday- Annual Plan

Eradication of Poverty “The concept of Rolling Plan” was given by Janta Government.

4.8% (target was 4.4%)

1. National Emergency – 25th June 1975.

2. 1st Non-Congress Govt. at the Centre 1977 (Janta Govt.)

3. 1st food for work programme by Janta Party – 1978; it was 1st nationwise programme rather than region wise.

4. 1979 – Congress back on Power. Janta Party stopped the plan.

VI

1980-85

Planning Commission (emphasis on structural change)

Employment Same Objective as Vth Plan

5.5%

1. No. of employment schemes were started. (1st serious attempt towards employment generation).

2. 1st time the word “Perspective Plan” was used (i.e. long term perspective).

VII

1985-90

1990-92

Planning Commission (emphasis on liberalization)

Annual Plan

“Modernization of our existing sector and to promote the Modern sector. “Towards 21st Century” slogan was given by P.M. Rajiv Gandhi – i.e. A Modern Economy

6.0%

1st time the share of public sector in plan outlay was less than 50%. Economic reforms started in India – 1991.

1. Bofors issue

2. Economic crisis – 1990

3. 3rd devaluation of Currency-1991

4. New Industrial Policy on 24th July, 1999 was declaring the liberalization in Indian Economy.

VIII

1992-97

John W. Miller (Rao- Manmohan)

Human Resources Development (Competition) within the country

6.7% (highest till the 8th)

1. Highest growth rate

2. The base year was Plan) Changed to 1991-92.

Model)

And outside the world) Due to this policy, India is leading in IT Sector.

IX

1997-02

Planning Commission

Equitable distribution and growth with equality.

5.4% (it was due to external factors)

1. Pokhran

2. South East Asia Crisis

3. Kargil war

4. 2001-02 major recession in the world economy.

The Tenth Five-Year Plan (2002-07) was approved by the National Development Council on 21st December 2002. Its target is reduction in the poverty ratio from 26 per cent to 21 per cent, by 2007; Decadal Population Growth to reduce from 21.3 per cent in 1991-2001 to 16.2 per cent in 2001-11; Growth in gainful employment, at least, to keep pace with addition to the labour force; All children to be in school by 2003 and all children to complete five years of schooling by 2007; Reducing gender gaps in literacy and wage rates by 50 per cent; literacy rate to increase from 65 per cent in 1999 – 2000, to 75 per cent in 2007; Providing potable drinking water to all villages; Infant Mortality Rate to be reduced from 72 in 1999-2000, to 45 in 2007; Maternal mortality ratio be reduced from four in 1999-2000, two in 2007; Increase in forest/tree cover from 19 percent in 1999-2000, to 25 percent in 2007; and cleaning of major polluted river stretches.

PLAN

PERIOD

MODEL

MAIN OBJECTIVES

GROWTH RATE

SPECIAL FEATURES

I

1951-56

Harold Domar

Development of Agriculture

3.6%

It was the 1st Plan on social development i.e. Community Development (CDP) – 1952.

II

1956-61

Mahalnovis

Rapid Industrialization

4.2%

Started Industrialization

(These

Two Plans

Were most

Successful

Plans in India)

III

1961-66

1966-69

John Sandy and S. Chakravarty

Plan Holiday or Annual Plan

Self-Reliance and self sustained economy

2.7% (5-6 was target)

1st official declared fail plan in India. Causes two wars – 1962

1. Green Revolution 1966-67

2. Devaluation of Currency (2nd devaluation in India of currency)

1st was in 1949.

2nd was in 1991

IV

1969-74

Allen S.E. Mann and Ashok Rudra

Self-reliance and growth with stability

3.3% (target was 5.7%)

Causes – 1971 war, 1972-73 oil crisis.

Important events related with Policy change.

1. Nationalization of Banks in 1969 by Indira Gandhi.

2. MRTP Act – 1969 (Aggressive socialism).

3. J.P. Movement – Indira hatao followed by Garibi hatao by Congress Govt.

V

1974-79

1979-80

Planning Commission

Plan Holiday- Annual Plan

Eradication of Poverty “The concept of Rolling Plan” was given by Janta Government.

4.8% (target was 4.4%)

1. National Emergency – 25th June 1975.

2. 1st Non-Congress Govt. at the Centre 1977 (Janta Govt.)

3. 1st food for work programme by Janta Party – 1978; it was 1st nationwise programme rather than region wise.

4. 1979 – Congress back on Power. Janta Party stopped the plan.

VI

1980-85

Planning Commission (emphasis on structural change)

Employment Same Objective as Vth Plan

5.5%

1. No. of empl

PLAN

PERIOD

MODEL

MAIN OBJECTIVES

GROWTH RATE

SPECIAL FEATURES

I

1951-56

Harold Domar

Development of Agriculture

3.6%

It was the 1st Plan on social development i.e. Community Development (CDP) – 1952.

II

1956-61

Mahalnovis

Rapid Industrialization

4.2%

Started Industrialization

(These

Two Plans

Were most

Successful

Plans in India)

III

1961-66

1966-69

John Sandy and S. Chakravarty

Plan Holiday or Annual Plan

Self-Reliance and self sustained economy

2.7% (5-6 was target)

1st official declared fail plan in India. Causes two wars – 1962

1. Green Revolution 1966-67

2. Devaluation of Currency (2nd devaluation in India of currency)

1st was in 1949.

2nd was in 1991

IV

1969-74

Allen S.E. Mann and Ashok Rudra

Self-reliance and growth with stability

3.3% (target was 5.7%)

Causes – 1971 war, 1972-73 oil crisis.

Important events related with Policy change.

1. Nationalization of Banks in 1969 by Indira Gandhi.

2. MRTP Act – 1969 (Aggressive socialism).

3. J.P. Movement – Indira hatao followed by Garibi hatao by Congress Govt.

V

1974-79

1979-80

Planning Commission

Plan Holiday- Annual Plan

Eradication of Poverty “The concept of Rolling Plan” was given by Janta Government.

4.8% (target was 4.4%)

1. National Emergency – 25th June 1975.

2. 1st Non-Congress Govt. at the Centre 1977 (Janta Govt.)

3. 1st food for work programme by Janta Party – 1978; it was 1st nationwise programme rather than region wise.

4. 1979 – Congress back on Power. Janta Party stopped the plan.

VI

1980-85

Planning Commission (emphasis on structural change)

Employment Same Objective as Vth Plan

5.5%

1. No. of employment schemes were started. (1st serious attempt towards employment generation).

2. 1st time the word “Perspective Plan” was used (i.e. long term perspective).

VII

1985-90

1990-92

Planning Commission (emphasis on liberalization)

Annual Plan

“Modernization of our existing sector and to promote the Modern sector. “Towards 21st Century” slogan was given by P.M. Rajiv Gandhi – i.e. A Modern Economy

6.0%

1st time the share of public sector in plan outlay was less than 50%. Economic reforms started in India – 1991.

1. Bofors issue

2. Economic crisis – 1990

3. 3rd devaluation of Currency-1991

4. New Industrial Policy on 24th July, 1999 was declaring the liberalization in Indian Economy.

VIII

1992-97

John W. Miller (Rao- Manmohan)

Human Resources Development (Competition) within the country

6.7% (highest till the 8th)

1. Highest growth rate

2. The base year was Plan) Changed to 1991-92.

Model)

And outside the world) Due to this policy, India is leading in IT Sector.

IX

1997-02

Planning Commission

Equitable distribution and growth with equality.

5.4% (it was due to external factors)

1. Pokhran

2. South East Asia Crisis

3. Kargil war

4. 2001-02 major recession in the world economy.

oyment schemes were started. (1st serious attempt towards employment generation).

2. 1st time the word “Perspective Plan” was used (i.e. long term perspective).

VII

1985-90

1990-92

Planning Commission (emphasis on liberalization)

Annual Plan

“Modernization of our existing sector and to promote the Modern sector. “Towards 21st Century” slogan was given by P.M. Rajiv Gandhi – i.e. A Modern Economy

6.0%

1st time the share of public sector in plan outlay was less than 50%. Economic reforms started in India – 1991.

1. Bofors issue

2. Economic crisis – 1990

3. 3rd devaluation of Currency-1991

4. New Industrial Policy on 24th July, 1999 was declaring the liberalization in Indian Economy.

VIII

1992-97

John W. Miller (Rao- Manmohan)

Human Resources Development (Competition) within the country

6.7% (highest till the 8th)

1. Highest growth rate

2. The base year was Plan) Changed to 1991-92.

Model)

And outside the world) Due to this policy, India is leading in IT Sector.

IX

1997-02

Planning Commission

Equitable distribution and growth with equality.

5.4% (it was due to external factors)

1. Pokhran

2. South East Asia Crisis

3. Kargil war

4. 2001-02 major recession in the world economy.

 

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