Friday, January 4, 2013

Five Year Plans in India


Five Year Plans in India

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
  • Currently ongoing

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