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UNIT-I
INTRODUCTION TO NURSING MANAGEMENT
FIVE YEAR PLAN (FYP)
Dr.Anjalatchi Muthukumaran
Vice Principal
Era college of Nursing ,Era University
CONTENT OF THE TOPIC
 Introduction
 Definition
 Five year plan
 First FYP 1951-56
 Second FYP 1956-61
 Third FYP 1961-66
 Fourth FYP 1969-74
 Fifth FYP 1974-79
 Sixth FYP 1980-85
 Seventh FYP 1985-90
 Eight FYP1992-97
 Ninth FYP1997-2002
 Tenth FYP 2002-2007
 Eleventh FYP 2007-2012
 Twelth FYP 2012 -2017
 Now is replace by niti ayog 2015 onwards
 Summary , conclusion, references
INTRODUCTION
 The Constitution came into force on 26 January
1950. Subsequently, Planning Commission was set
up on 15 March 1950 and the plan era started from
1 April 1951 with the launching of the First Five
Year Plan (1951-56).
 This article will keep you updated on the history and
objectives of economic planning in India, Five Year
Plans and the Planning Commission as well as its
successor, the NITI Aayog.
HISTORY OF ECONOMIC PLANNING IN INDIA
 Economic planning in India dates back to pre-
Independence period when leaders of the freedom
movement and prominent industrialists and
academics got together to discuss the future of
India after Independence which was soon to come.
Noted civil engineer and administrator M.
Visvesvaraya is regarded as a pioneer of economic
planning in India. His book “Planned Economy for
India” published in 1934 suggested a ten year plan,
with an outlay of Rs. 1000 crore and a planned
increase of 600% in industrial output per annum
based on economic conditions of the time.
PLANNING COMMISSION
 The Industrial Policy Statement published just after
independence in 1948 recommended setting up of a Planning
Commission and following a mixed economic model. Here are
the major milestones related to economic planning in India:
 Setting up of the Planning Commission: 15 March 1950
 First Five Year Plan: 9 July 1951
 Dissolution of the Planning Commission: 17 August 2014
 Setting up of NITI (National Institution for Transforming India)
Aayog: 1 January 2015
 Setting up the NITI Aayog was a major step away from the
command economy structure adopted by India till 1991. The
Planning Commission’s top down model of development had
become redundant due to present economic conditions and
NITI Aayog approaches economic planning in a consultative
manner with input from various state governments and think
tanks.
ECONOMIC PLANNING IN INDIA – FIVE YEAR PLANS
 The term economic planning is used to describe the
long term plans of the government of India to
develop and coordinate the economy with efficient
utilization of resources.
 Economic planning in India started after
independence in the year 1950 when it was
deemed necessary for economic growth and
development of the nation.
LONG TERM OBJECTIVES OF FIVE YEAR PLANS IN
INDIA ARE:
 High Growth rate to improve the living standard of
the residents of India.
 Economic stability for prosperity.
 Self-reliant economy.
 Social justice and reducing the inequalities.
 Modernization of the economy.
 The idea of economic planning for five years was
taken from the Soviet Union under the socialist
influence of first Prime Minister Pt. Jawahar Lal
Nehru.
CONTINUED
 The first eight five year plans in India emphasised
on growing the public sector with huge investments
in heavy and basic industries, but since the launch
of Ninth five year plan in 1997, attention has shifted
towards making government a growth facilitator.
 An overview of all Five Year Plans implemented in
India is highlighted below:
OBJECTIVES OF ECONOMIC PLANNING IN INDIA
The following were the original objectives of economic planning in
India:
 Economic Development: This is the main objective of planning in India.
Economic Development of India is measured by the increase in
the Gross Domestic Product (GDP) of India and Per Capita Income
 Increased Levels of Employment: An important aim of economic
planning in India is to better utilise the available human resources of the
country by increasing the employment levels.
 Self Sufficiency: India aims to be self-sufficient in major commodities
and also increase exports through economic planning. The Indian
economy had reached the take-off stage of development during the third
five-year plan in 1961-66.
 Economic Stability: Economic planning in India also aims at stable
market conditions in addition to the economic growth of India. This
means keeping inflation low while also making sure that deflation in
prices does not happen. If the wholesale price index rises very high or
very low, structural defects in the economy are created and economic
planning aims to avoid this.
CONTINUED
 Economic Stability: Economic planning in India also aims at stable
market conditions in addition to the economic growth of India. This
means keeping inflation low while also making sure that deflation in
prices does not happen. If the wholesale price index rises very high or
very low, structural defects in the economy are created and economic
planning aims to avoid this.
 Social Welfare and Provision of Efficient Social Services: The
objectives of all the five year plans as well as plans suggested by
the NITI Aayog aim to increase labour welfare, social welfare for all
sections of the society. Development of social services in India, such as
education, healthcare and emergency services have been part of
planning in India.
 Regional Development: Economic planning in India aims to reduce
regional disparities in development. For example, some states like
Punjab, Haryana, Gujarat, Maharashtra and Tamil Nadu are relatively
well developed economically while states like Uttar Pradesh, Bihar,
Orissa, Assam and Nagaland are economically backward. Others like
Karnataka and Andhra Pradesh have uneven development with world
class economic centres in cities and a relatively less developed
hinterland. Planning in India aims to study these disparities and suggest
strategies to reduce them.
 Comprehensive and Sustainable Development:
Development of all economic sectors such as agriculture,
industry, and services is one of the major objectives of
economic planning.
 Reduction in Economic Inequality: Measures to reduce
inequality through progressive taxation, employment
generation and reservation of jobs has been a central
objective of Indian economic planning since independence.
 Social Justice: This objective of planning is related to all the
other objectives and has been a central focus of planning in
India. It aims to reduce the population of people living below
the poverty line and provide them access to employment and
social services.
 Increased Standard of Living: Increasing the standard of
living by increasing the per capita income and equal
distribution of income is one of the main aims of India’s
economic planning.
LIST OF FIVE YEAR PLANS IN INDIA
Five Year Plans Years [1951-2017]
Assessment
First Five year Plan 1951- 1956
 Targets and objectives more or less achieved. With
an active role of the state in all economic sectors.
Five Indian Institutes of Technology (IITs) were
started as major technical institutions.
Objective
 Rehabilitation of refugees, rapid agricultural
development to achieve food self-sufficiency in the
shortest possible time and control of inflation.
SECOND FIVE YEAR PLAN 1956-1961
 It could not be implemented fully due to the
shortage of foreign exchange.
 Assessment : Targets had to be pruned. Yet,
Hydroelectric power projects and five steel mills at
Bhilai, Durgapur, and Rourkela were established.
 The Nehru-Mahalanobis model was adopted.‘
 Objective :Rapid industrialisation with particular
emphasis on the development of basic and heavy
industries Industrial Policy of 1956 accepted the
establishment of a socialistic pattern of society as
the goal of economic policy.
THIRD FIVE YEAR PLAN 1961-1966
 Assessment : Failure. Wars and droughts. Yet,
Panchayat elections were started.
 objectives :State electricity boards and state
secondary education boards were formed.
‘establishment of a self-reliant and self-generating
economy’
PLAN HOLIDAYS – ANNUAL PLANS1966-1969
 A new agricultural strategy was implemented. It
involved the distribution of high-yielding varieties of
seeds, extensive use of fertilizers, exploitation of
irrigation potential and soil conservation measures.
 crisis in agriculture and serious food shortage
required attention
FOURTH FIVE YEAR PLAN 1969-1974
 Assessment :Was ambitious. Failure.
 Achieved growth of 3.5 percent but was marred by
Inflation. The Indira Gandhi government
nationalized 14 major Indian banks and the Green
Revolution in India advanced agriculture.‘
 Objectives :growth with stability’ and progressive
achievement of self-reliance Garibi Hatao Target:
5.5 pc
FIFTH FIVE YEAR PLAN 1974-1979
 Assessment :High inflation. Was terminated by the
Janta govt. Yet, the Indian national highway system
was introduced for the first time.‘
 Objectives :removal of poverty and attainment of
self-reliance’
SIXTH FIVE YEAR PLAN1980-1985
 Assessment :Most targets achieved.
 Growth: 5.5 pc. Family planning was also
expanded in order to prevent over population.‘
 Objective:Direct attack on the problem of poverty
by creating conditions of an expanding economy’
SEVENTH FIVE YEAR PLAN 1985-1990
 Assessment : With a growth rate of 6 pc, this plan
was proved successful in spite of severe drought
conditions for the first three years consecutively.
This plan introduced programs like Jawahar Rozgar
Yojana.
 Objective :Emphasis on policies and programs that
would accelerate the growth in foodgrains
production, increase employment opportunities and
raise productivity
ANNUAL PLANS 1989-1991
 It was the beginning of privatization and
liberalization in India.
 No plan due to political uncertainties
EIGHTH FIVE YEAR PLAN 1992-1997
 Assessment :Partly success. An average annual
growth rate of 6.78% against the target 5.6% was
achieved.
 Objective :Rapid economic growth, high growth of
agriculture and allied sector, and the manufacturing
sector, growth in exports and imports, improvement
in trade and current account deficit. to undertake an
annual average growth of 5.6%
NINTH FIVE YEAR PLAN 1997-2002
 Assessment :It achieved a GDP growth rate of
5.4%, lower than the target. Yet, industrial growth
was 4.5% which was higher than targeted 3%. The
service industry had a growth rate of 7.8%. An
average annual growth rate of 6.7% was reached.
 Objectives :Quality of life, generation of productive
employment, regional balance and self-
reliance.Growth with social justice and equality.
growth target 6.5%
TENTH FIVE YEAR PLAN 2002 –2007
 Assessment :It was successful in reducing the
poverty ratio by 5%, increasing forest cover to 25%,
increasing literacy rates to 75 % and the economic
growth of the country over 8%.
 Objective :To achieve 8% GDP growth
rate,Reduce poverty by 5 points and increase the
literacy rate in the country.
ELEVENTH FIVE YEAR PLAN2007-2012
 Assessment :India has recorded an average
annual economic growth rate of 8%, farm sector
grew at an average rate of 3.7% as against 4%
targeted. The industry grew with an annual average
growth of 7.2% against 10% targeted.
 Rapid and inclusive growth. Empowerment through
education and skill development. Reduction of
gender inequality. Environmental sustainability.
 Objective :To increase the growth rate in
agriculture, industry, and services to 4%,10% and
9% resp. Provide clean drinking water for all by
2009.
TWELFTH FIVE YEAR PLAN2012-2017
 Assessment :Its growth rate target was 8%.“faster,
sustainable and more inclusive growth”. Raising
agriculture output to 4 percent. Manufacturing
sector growth to 10 %
 Objective: The target of adding over 88,000 MW of
power generation capacity.
FIVE YEAR PLAN IN INDIA & KEY POINTS
 The Five Year Plans were Planned, Designed and Launched
by Planning Commission from its inception on 15th March
1950.
 The First Five Year Plan was launched on 1st April 1951.
 The main objective of the Five Year Plan was to strengthen
the economic backbone of India. As India attained
independence in 1947 from oppressive British Rule, it was
deemed necessary to plan the economic growth and
development of the nation through these Five Year Plans.
 The Five Year Plan aimed at higher growth rates to improve
the standard of living of the people of India along with
economic stability, self-reliance, social justice, minimizing
inequality and modernization to keep up with
technological advancement and a better India
TWELFTH FIVE YEAR PLAN [2012 – 2017]
 The Government of India’s Twelfth Five-Year Plan
was set to reach a growth rate of 9%, but the
National Development Council (NDC) accepted an
8% growth rate for the Twelfth Plan on December
27, 2012.
 The Deputy Chairman of the Planning Commission,
Montek Singh Ahluwalia, has stated that achieving
an average growth rate of 9% in the next five years
is not achievable due to the deteriorating global
scenario.
 With the plan’s approval at the National
Development Council meeting in New Delhi, the
final growth target has been set at 8%
FIVE YEAR PLANS OF INDIA 2022
 Five-Year Plans (FYPs) are national economic
programmes that are controlled and integrated. In
1928, Joseph Stalin implemented the Soviet
Union’s first Five-Year Plan. Most communist
countries and a few capitalist ones have since
adopted them. Under the socialist influence of
India’s first prime minister, Jawaharlal Nehru, India
established its First FYP in 1951, shortly after
independence
UNION BUDGET 2022
 The Indian economy was built on planning from
1947 to 2017. The Planning Commission, which
lasted from 1951 to 2014 and the NITI Aayog from
2015 to 2017, established, implemented, and
oversaw the Five-Year Plans. The commission has
a nominated deputy chairman who holds the
position of cabinet minister, with the prime minister
serving as ex-officio chairman. The last deputy
chairman of the commission is Montek Singh
Ahluwalia. In March of 2017, the Twelfth Plan came
to an end.
LIST OF ALL FIVE YEAR PLANS OF INDIA.
 List of all Five Year Plans of India
 No more formal economic plans are being prepared
since the Planning Commission was disbanded,
although Five-Year Defense Plans are still being
developed. The most recent period would have
been 2017–2022. There is no Thirteenth Five-Year
Plan, though. Following is the list of all 12 five year
plans of India
CURRENT FIVE-YEAR PLAN?
 The system of 5 year plans by the Planning
Commission in India was stopped in 2015 by the
Government of India, led by Prime Minister
Narendra Modi.
 The Planning Commission was replaced by NITI
Aayog. The 12th five year plan from 2012-2017 was
the last five year plan. You can read about
the National Institution for Transforming India (NITI
Aayog) – A Brief Overview in the given link.
NATIONAL INSTITUTION FOR TRANSFORMING INDIA
(NITI AAYOG)
 The Planning Commission which has a legacy of 65
years has been replaced by the NITI Aayog. The
utility and significance of the Planning Commission
had been questioned for a longer period. The
replacement seems to be more relevant and
responsive to the present economic needs and
scenario in the country.
LATEST NEWS ABOUT NITI AAYOG
 NITI Aayog Chairman – Narendra Modi
 NITI Aayog Vice-Chairman – Dr. Rajiv Kumar
(September 2017 – present) is the current Vice
Chairman of the NITI Aayog.
SUMMARY
 Till now we have discussed about the five year plan
, assessment, objective and achievement of every
five year plan. Upto 12 plan was completed . Based
on the policy the achievement to be evaluated .
CONTINUED
CONCLUSION
 Future. With the Planning Commission dissolved,
no more formal plans are made for the economy,
but Five-Year Defence Plans continue to be made.
The latest would have been 2017–2022. However,
there is no Thirteenth Five-Year Plan. Now became
niti ayog guidelines s
REFERENCES
 You can read about the National Institution for
Transforming India (NITI Aayog) – A Brief
Overview in the given link.
 Further readings:
 Planning Commission – Overview, Functions,
Dissolution
 NITI Aayog “Strategy for New India @75
THANK YOU

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  • 1. UNIT-I INTRODUCTION TO NURSING MANAGEMENT FIVE YEAR PLAN (FYP) Dr.Anjalatchi Muthukumaran Vice Principal Era college of Nursing ,Era University
  • 2. CONTENT OF THE TOPIC  Introduction  Definition  Five year plan  First FYP 1951-56  Second FYP 1956-61  Third FYP 1961-66  Fourth FYP 1969-74  Fifth FYP 1974-79  Sixth FYP 1980-85  Seventh FYP 1985-90  Eight FYP1992-97  Ninth FYP1997-2002  Tenth FYP 2002-2007  Eleventh FYP 2007-2012  Twelth FYP 2012 -2017  Now is replace by niti ayog 2015 onwards  Summary , conclusion, references
  • 3. INTRODUCTION  The Constitution came into force on 26 January 1950. Subsequently, Planning Commission was set up on 15 March 1950 and the plan era started from 1 April 1951 with the launching of the First Five Year Plan (1951-56).  This article will keep you updated on the history and objectives of economic planning in India, Five Year Plans and the Planning Commission as well as its successor, the NITI Aayog.
  • 4. HISTORY OF ECONOMIC PLANNING IN INDIA  Economic planning in India dates back to pre- Independence period when leaders of the freedom movement and prominent industrialists and academics got together to discuss the future of India after Independence which was soon to come. Noted civil engineer and administrator M. Visvesvaraya is regarded as a pioneer of economic planning in India. His book “Planned Economy for India” published in 1934 suggested a ten year plan, with an outlay of Rs. 1000 crore and a planned increase of 600% in industrial output per annum based on economic conditions of the time.
  • 5. PLANNING COMMISSION  The Industrial Policy Statement published just after independence in 1948 recommended setting up of a Planning Commission and following a mixed economic model. Here are the major milestones related to economic planning in India:  Setting up of the Planning Commission: 15 March 1950  First Five Year Plan: 9 July 1951  Dissolution of the Planning Commission: 17 August 2014  Setting up of NITI (National Institution for Transforming India) Aayog: 1 January 2015  Setting up the NITI Aayog was a major step away from the command economy structure adopted by India till 1991. The Planning Commission’s top down model of development had become redundant due to present economic conditions and NITI Aayog approaches economic planning in a consultative manner with input from various state governments and think tanks.
  • 6. ECONOMIC PLANNING IN INDIA – FIVE YEAR PLANS  The term economic planning is used to describe the long term plans of the government of India to develop and coordinate the economy with efficient utilization of resources.  Economic planning in India started after independence in the year 1950 when it was deemed necessary for economic growth and development of the nation.
  • 7. LONG TERM OBJECTIVES OF FIVE YEAR PLANS IN INDIA ARE:  High Growth rate to improve the living standard of the residents of India.  Economic stability for prosperity.  Self-reliant economy.  Social justice and reducing the inequalities.  Modernization of the economy.  The idea of economic planning for five years was taken from the Soviet Union under the socialist influence of first Prime Minister Pt. Jawahar Lal Nehru.
  • 8. CONTINUED  The first eight five year plans in India emphasised on growing the public sector with huge investments in heavy and basic industries, but since the launch of Ninth five year plan in 1997, attention has shifted towards making government a growth facilitator.  An overview of all Five Year Plans implemented in India is highlighted below:
  • 9. OBJECTIVES OF ECONOMIC PLANNING IN INDIA The following were the original objectives of economic planning in India:  Economic Development: This is the main objective of planning in India. Economic Development of India is measured by the increase in the Gross Domestic Product (GDP) of India and Per Capita Income  Increased Levels of Employment: An important aim of economic planning in India is to better utilise the available human resources of the country by increasing the employment levels.  Self Sufficiency: India aims to be self-sufficient in major commodities and also increase exports through economic planning. The Indian economy had reached the take-off stage of development during the third five-year plan in 1961-66.  Economic Stability: Economic planning in India also aims at stable market conditions in addition to the economic growth of India. This means keeping inflation low while also making sure that deflation in prices does not happen. If the wholesale price index rises very high or very low, structural defects in the economy are created and economic planning aims to avoid this.
  • 10. CONTINUED  Economic Stability: Economic planning in India also aims at stable market conditions in addition to the economic growth of India. This means keeping inflation low while also making sure that deflation in prices does not happen. If the wholesale price index rises very high or very low, structural defects in the economy are created and economic planning aims to avoid this.  Social Welfare and Provision of Efficient Social Services: The objectives of all the five year plans as well as plans suggested by the NITI Aayog aim to increase labour welfare, social welfare for all sections of the society. Development of social services in India, such as education, healthcare and emergency services have been part of planning in India.  Regional Development: Economic planning in India aims to reduce regional disparities in development. For example, some states like Punjab, Haryana, Gujarat, Maharashtra and Tamil Nadu are relatively well developed economically while states like Uttar Pradesh, Bihar, Orissa, Assam and Nagaland are economically backward. Others like Karnataka and Andhra Pradesh have uneven development with world class economic centres in cities and a relatively less developed hinterland. Planning in India aims to study these disparities and suggest strategies to reduce them.
  • 11.  Comprehensive and Sustainable Development: Development of all economic sectors such as agriculture, industry, and services is one of the major objectives of economic planning.  Reduction in Economic Inequality: Measures to reduce inequality through progressive taxation, employment generation and reservation of jobs has been a central objective of Indian economic planning since independence.  Social Justice: This objective of planning is related to all the other objectives and has been a central focus of planning in India. It aims to reduce the population of people living below the poverty line and provide them access to employment and social services.  Increased Standard of Living: Increasing the standard of living by increasing the per capita income and equal distribution of income is one of the main aims of India’s economic planning.
  • 12. LIST OF FIVE YEAR PLANS IN INDIA Five Year Plans Years [1951-2017] Assessment First Five year Plan 1951- 1956  Targets and objectives more or less achieved. With an active role of the state in all economic sectors. Five Indian Institutes of Technology (IITs) were started as major technical institutions. Objective  Rehabilitation of refugees, rapid agricultural development to achieve food self-sufficiency in the shortest possible time and control of inflation.
  • 13. SECOND FIVE YEAR PLAN 1956-1961  It could not be implemented fully due to the shortage of foreign exchange.  Assessment : Targets had to be pruned. Yet, Hydroelectric power projects and five steel mills at Bhilai, Durgapur, and Rourkela were established.  The Nehru-Mahalanobis model was adopted.‘  Objective :Rapid industrialisation with particular emphasis on the development of basic and heavy industries Industrial Policy of 1956 accepted the establishment of a socialistic pattern of society as the goal of economic policy.
  • 14. THIRD FIVE YEAR PLAN 1961-1966  Assessment : Failure. Wars and droughts. Yet, Panchayat elections were started.  objectives :State electricity boards and state secondary education boards were formed. ‘establishment of a self-reliant and self-generating economy’
  • 15. PLAN HOLIDAYS – ANNUAL PLANS1966-1969  A new agricultural strategy was implemented. It involved the distribution of high-yielding varieties of seeds, extensive use of fertilizers, exploitation of irrigation potential and soil conservation measures.  crisis in agriculture and serious food shortage required attention
  • 16. FOURTH FIVE YEAR PLAN 1969-1974  Assessment :Was ambitious. Failure.  Achieved growth of 3.5 percent but was marred by Inflation. The Indira Gandhi government nationalized 14 major Indian banks and the Green Revolution in India advanced agriculture.‘  Objectives :growth with stability’ and progressive achievement of self-reliance Garibi Hatao Target: 5.5 pc
  • 17. FIFTH FIVE YEAR PLAN 1974-1979  Assessment :High inflation. Was terminated by the Janta govt. Yet, the Indian national highway system was introduced for the first time.‘  Objectives :removal of poverty and attainment of self-reliance’
  • 18. SIXTH FIVE YEAR PLAN1980-1985  Assessment :Most targets achieved.  Growth: 5.5 pc. Family planning was also expanded in order to prevent over population.‘  Objective:Direct attack on the problem of poverty by creating conditions of an expanding economy’
  • 19. SEVENTH FIVE YEAR PLAN 1985-1990  Assessment : With a growth rate of 6 pc, this plan was proved successful in spite of severe drought conditions for the first three years consecutively. This plan introduced programs like Jawahar Rozgar Yojana.  Objective :Emphasis on policies and programs that would accelerate the growth in foodgrains production, increase employment opportunities and raise productivity
  • 20. ANNUAL PLANS 1989-1991  It was the beginning of privatization and liberalization in India.  No plan due to political uncertainties
  • 21. EIGHTH FIVE YEAR PLAN 1992-1997  Assessment :Partly success. An average annual growth rate of 6.78% against the target 5.6% was achieved.  Objective :Rapid economic growth, high growth of agriculture and allied sector, and the manufacturing sector, growth in exports and imports, improvement in trade and current account deficit. to undertake an annual average growth of 5.6%
  • 22. NINTH FIVE YEAR PLAN 1997-2002  Assessment :It achieved a GDP growth rate of 5.4%, lower than the target. Yet, industrial growth was 4.5% which was higher than targeted 3%. The service industry had a growth rate of 7.8%. An average annual growth rate of 6.7% was reached.  Objectives :Quality of life, generation of productive employment, regional balance and self- reliance.Growth with social justice and equality. growth target 6.5%
  • 23. TENTH FIVE YEAR PLAN 2002 –2007  Assessment :It was successful in reducing the poverty ratio by 5%, increasing forest cover to 25%, increasing literacy rates to 75 % and the economic growth of the country over 8%.  Objective :To achieve 8% GDP growth rate,Reduce poverty by 5 points and increase the literacy rate in the country.
  • 24. ELEVENTH FIVE YEAR PLAN2007-2012  Assessment :India has recorded an average annual economic growth rate of 8%, farm sector grew at an average rate of 3.7% as against 4% targeted. The industry grew with an annual average growth of 7.2% against 10% targeted.  Rapid and inclusive growth. Empowerment through education and skill development. Reduction of gender inequality. Environmental sustainability.  Objective :To increase the growth rate in agriculture, industry, and services to 4%,10% and 9% resp. Provide clean drinking water for all by 2009.
  • 25. TWELFTH FIVE YEAR PLAN2012-2017  Assessment :Its growth rate target was 8%.“faster, sustainable and more inclusive growth”. Raising agriculture output to 4 percent. Manufacturing sector growth to 10 %  Objective: The target of adding over 88,000 MW of power generation capacity.
  • 26. FIVE YEAR PLAN IN INDIA & KEY POINTS  The Five Year Plans were Planned, Designed and Launched by Planning Commission from its inception on 15th March 1950.  The First Five Year Plan was launched on 1st April 1951.  The main objective of the Five Year Plan was to strengthen the economic backbone of India. As India attained independence in 1947 from oppressive British Rule, it was deemed necessary to plan the economic growth and development of the nation through these Five Year Plans.  The Five Year Plan aimed at higher growth rates to improve the standard of living of the people of India along with economic stability, self-reliance, social justice, minimizing inequality and modernization to keep up with technological advancement and a better India
  • 27. TWELFTH FIVE YEAR PLAN [2012 – 2017]  The Government of India’s Twelfth Five-Year Plan was set to reach a growth rate of 9%, but the National Development Council (NDC) accepted an 8% growth rate for the Twelfth Plan on December 27, 2012.  The Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, has stated that achieving an average growth rate of 9% in the next five years is not achievable due to the deteriorating global scenario.  With the plan’s approval at the National Development Council meeting in New Delhi, the final growth target has been set at 8%
  • 28. FIVE YEAR PLANS OF INDIA 2022  Five-Year Plans (FYPs) are national economic programmes that are controlled and integrated. In 1928, Joseph Stalin implemented the Soviet Union’s first Five-Year Plan. Most communist countries and a few capitalist ones have since adopted them. Under the socialist influence of India’s first prime minister, Jawaharlal Nehru, India established its First FYP in 1951, shortly after independence
  • 29. UNION BUDGET 2022  The Indian economy was built on planning from 1947 to 2017. The Planning Commission, which lasted from 1951 to 2014 and the NITI Aayog from 2015 to 2017, established, implemented, and oversaw the Five-Year Plans. The commission has a nominated deputy chairman who holds the position of cabinet minister, with the prime minister serving as ex-officio chairman. The last deputy chairman of the commission is Montek Singh Ahluwalia. In March of 2017, the Twelfth Plan came to an end.
  • 30. LIST OF ALL FIVE YEAR PLANS OF INDIA.  List of all Five Year Plans of India  No more formal economic plans are being prepared since the Planning Commission was disbanded, although Five-Year Defense Plans are still being developed. The most recent period would have been 2017–2022. There is no Thirteenth Five-Year Plan, though. Following is the list of all 12 five year plans of India
  • 31. CURRENT FIVE-YEAR PLAN?  The system of 5 year plans by the Planning Commission in India was stopped in 2015 by the Government of India, led by Prime Minister Narendra Modi.  The Planning Commission was replaced by NITI Aayog. The 12th five year plan from 2012-2017 was the last five year plan. You can read about the National Institution for Transforming India (NITI Aayog) – A Brief Overview in the given link.
  • 32. NATIONAL INSTITUTION FOR TRANSFORMING INDIA (NITI AAYOG)  The Planning Commission which has a legacy of 65 years has been replaced by the NITI Aayog. The utility and significance of the Planning Commission had been questioned for a longer period. The replacement seems to be more relevant and responsive to the present economic needs and scenario in the country.
  • 33. LATEST NEWS ABOUT NITI AAYOG  NITI Aayog Chairman – Narendra Modi  NITI Aayog Vice-Chairman – Dr. Rajiv Kumar (September 2017 – present) is the current Vice Chairman of the NITI Aayog.
  • 34. SUMMARY  Till now we have discussed about the five year plan , assessment, objective and achievement of every five year plan. Upto 12 plan was completed . Based on the policy the achievement to be evaluated .
  • 36. CONCLUSION  Future. With the Planning Commission dissolved, no more formal plans are made for the economy, but Five-Year Defence Plans continue to be made. The latest would have been 2017–2022. However, there is no Thirteenth Five-Year Plan. Now became niti ayog guidelines s
  • 37. REFERENCES  You can read about the National Institution for Transforming India (NITI Aayog) – A Brief Overview in the given link.  Further readings:  Planning Commission – Overview, Functions, Dissolution  NITI Aayog “Strategy for New India @75