First Five Year Plan (1951-55) Total budget: 206.8 billion (INR) or USD$23.6 billion. Objectives ACHIEVEMENTS the standard of living Community and agriculture GDP 3.6% per year development Evolution of good irrigation Energy and irrigation system Communications and improvement in transport roads Industry civil aviation Land rehabilitation railways Social services Telegraphs Target of GDP growth 2.1 per posts year manufacture of fertilizers Achieved had been 3.6% per year electrical equipment
Disadvantages development of only a few industries private industry had not developed
Second Five Year Plan ( 1956-1961) OBJECTIVES ACHIEVEMENTS To increase by 25% the national income 5 steel plants To make the country more industrialized To increase employment a hydro-electric power project opportunities so that every citizen gets a job production of coal increased Development of more railway lines Mining and industry Community and agriculture development Land reform measures Power and irrigation Social services improved the living standards of Communications and transport the people Miscellaneous The large enterprises in seventeen industries were nationalized
Disadvantages eliminate the importation of consumer goods high tariffs Low quotas or banning some items altogether License were required for starting new companies This is when India got its License Raj, the bureaucratic control over the economy When a business was losing money the Government would prevent them from shutting down
Third Five Year Plan (1961-1966) ACHIEVEMENTS OBJECTIVES Decentralization More stress to agriculture Organizations formed subsidies Panchayat Sufficient help Zila Parishads Effective use of countrys resources Laid emphasis on oil conservation To increase the national income by irrigation 5% per year Afforestation To increase the production of dry farming agriculture so that the nation is self sufficient in food grains Many fertilizer and cement plants To provide employment opportunities were built for every citizen of the country Green Revolution To establish equality among all the PMs people of the country Jawaharlal Nehru Gulzarilal Nanda Lal Bahadur Shastri
Problems faced Sino Indian War, India witnessed increase in price of products. The resulting inflation
4th Five Year Plan (1969 to 1974) OBJECTIVES ACHIEVEMENTS to reform and restructure Great advancement has govts expenditure been made with regard agenda( defense to Indias national became one major income expense) considered as one of the To facilitated growth in emerging powers exports served as a stepping to alter the socio stone for the economic economic structure of growth the society Food grains production increased
problems a gap was created between the people of the rural areas and those of the urban areas. Due to recession, famine and drought, India did not pay much heed to long term goals
Fifth Five Year Plan1974 to1979 OBJECTIVES PROBLEMS To reduce social, regional, The international economy and economic disparities was in a trouble To enhance agricultural Food, oil, and fertilizers productivity where prices sky-rocketed To check rural and urban Several inflationary unemployment pressures To encourage self- ACHIEVEMENTS employment Food grain production was Production support policies above 118 million tons due to in the cottage industry the improvement of sector infrastructural facilities To develop labor intensive Bombay High had shot up the commercial production of oil in technological improvements India
Problems faced The world economy was in a troublesome state This had a negative impact on the Indian economy Prices in the energy and food sector skyrocketed and as a consequence inflation became inevitable
Sixth Five Year Plan1980 to1985 OBJECTIVES ACHIEVEMENTS To improve productivity level Speedy industrial To initiate modernization for development achieving economic and Emphasis on the information technological self-reliance technology sector To control poverty and self sufficiency in food unemployment To develop indigenous energy science and technology also sources and efficient energy made a significant advance usage several successful programs To promote improved quality of on improvement of public life of the citizens health To introduce Minimum Needs government in the Indian Program for the poor healthcare sector To initiate Family Planning Government investments in the Indian healthcare sector
Problems faced During this time the Prime Minister was Rajiv Gandhi and hence industrial development was the emphasis of this plan some opposed it specially the communist groups, this slowed down the pace of progress.
Seventh Five Year Plan 1985 to 1989 OBJECTIVES ACHIEVEMENTS Anti-poverty program Social Justice Improved facilities for education Removal of oppression of to girls the week The government undertook to increase productivity of Using modern technology Oilseeds,Fruits,Vegetables Agricultural development Pulses,cereals,Fish Anti-poverty programs Egg,Meat,milk. Communications Full supply of food, Emergence of informatics, and clothing, and shelter hooking up of Increasing productivity of telecommunications with small and large scale computers farmers Transport Making India an inland waterways, product pipelines, civil aviation, coastal Independent Economy shipping
Problems 1989-91 was a period of political instability in India and hence no five year plan was implemented In 1991, India faced a crisis in foreign exchange(Forex) reserves
Eighth Five Year Plan1992 to1997 OBJECTIVES ACHIEVEMENTS Prioritize the specific sectors which Rise in the employment level requires immediate investment Poverty reduction To generate full scale employment Self-reliance on domestic Promote social welfare measures resources like improved healthcare, sanitation, communication and provision for Self-sufficiency in extensive education facilities at all agricultural production levels GDP Growth Per Annum To check the increasing population growth by creating mass awareness 5.6 programs To encourage growth and diversification of agriculture To strengthen the infrastructural facilities To place greater emphasis on role of private initiative in the development of the industrial sector
Ninth Five Year Plan 1997 to 2002 OBJECTIVES ACHIEVEMENTS to prioritize rural development A combined effort of public, to generate adequate private, and all levels of employment opportunities government to stabilize the prices ensured the growth of Indias to ensure food and nutritional economy. security Service sector showed fast to provide for the basic infrastructural facilities like growth rate education for all, safe drinking water, primary health care, transport, energy to check the growing population increase to encourage social issues like women empowerment to create a liberal market for increase in private investments
Tenth Five Year Plan (2002-2007) OBJECTIVES To transform the country into the fastest growing economy of the world targets an annual economic growth of 10% Human and social development The social net Industry and services:Industry,Minerals,Energy,Information technology,Tourism,Real estate,Construction,Internal trade Forests and environment Science and technology Special area programs schooling to be compulsory for children
Eleventh five year planOBJECTIVES Income & Poverty Education Health Women and Children Infrastructure Environment
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