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Five-Year Plans
When India became an independent country, many questions had arisen in front of
the country’s leaders at that time. The British had left the Indian economy
handicapped, leaders had the challenges to make country’s economy strong. A
formal model of planning was adopted. The Planning commission was established
on 15 th March 1950, with Former Prime Minister Jawaharlal Nehru as the
Chairman. The Planning Commission used to directly report to the Prime Minister
of India. The planning commission was replaced by NITI Aayog (National Institute
for Transforming India Aayog) which was established by Prime Minister Narendra
Modi on 1 st January 2015.
Planning Commission was assigned the task of formulating plans for the most
effective and balanced utilisation of resources and determining priorities. Since
then the Planning Commission frames the centralized and integrated national
economic programs at an interval of every ve years, thereby known as the Five-
Year Plans.
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9/22/2018 Economics Notes on Five Year Plans of India
The First Five-Year Plan of India was presented by Pandit Jawaharlal Nehru in
1951. All Exams
The main emphasis was on the growth rate of agriculture to enable other
sectors to move forward
The rst two years of the plan saw record production. The last three years did
not measure up due to poor monsoon
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9/22/2018 Economics Notes on Five Year Plans of India
The in ux of Bangladeshi refugees before and after 1971 Indo-Pak war was
an important
All Examsissue
Janta government put forward a plan for 1978- 1983. However, the
government lasted for only 2 years. Congress government returned to power
in 1980 and launched a different plan.
The eighth plan was postponed by two years because of political uncertainty
at the centre
Worsening Balance of Payment position and in ation during 1990-91 were the
key issues during the launch of the plan
The plan undertook drastic policy measures to combat the bad economic
situation and to undertake an annual average growth of 5.6%
Some of the main economic outcomes during eighth plan period were rapid
economic growth, high growth of agriculture and allied sector, and
manufacturing sector, growth in exports and imports, improvement in trade
and current account de cit
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9/22/2018 Economics Notes on Five Year Plans of India
Posted by:
Sandeep Baliyan
Apr 13 SSC
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L m m
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Giridhar May 26
Some of information is miss..in each plan..
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