INDIAN ECONOMY: Five Year Plans in India

INDIAN ECONOMY: Five Year Plans in India


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Come On Let us dive into the ocean of Indian Economy,

Five Year Plan	Duration	Focus	Highlights of the plan period
I	1951 –  1956	Agriculture	Rapid population growth Bhakra and Hirakud dams Five IIT’s established UGC established
II	1956 –  1961	Industrialization Socialism	Bhilai, Durgapur, Rourkela steel mills Atomic Energy Commission established Tata Institute of Fundamental Research
III	1961 –  1966	Defence Price stabilization	India-China war 1962 India-Pakistan war 1965 Panchayat elections started State electricity and education boards formed
IV	1969 –  1974	Growth Stability Self-reliance	India-Pakistan war 1971 Green Revolution Bank nationalization Pokhran nuclear test
V	1974 –  1978	Poverty alleviation Self-reliance	Govt. enters power generation and transmission
VI	1980 –  1985	Industrialization Information Tech.	National highways launched Price controls eliminated Family planning expanded
VII	1985 –  1989	Increasing employment Growth Modernisation
			No FYP 1989-1992. Annual plans 1990-1992 Balance of payments crisis 1991 Launch of economic reforms under P.V. Narasimha Rao
VIII	1992 –  1997	Human development Industrial modernisation Population control	India joins WTO Jan 1995
IX	1997 –  2002	Employment Food security Continued liberalization
X	2002 –  2007	Education Health Environment	GDP growth over 8%
XI	2007 –  2012	Education Health Environment Infrastructure	na

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JOHAR..