The Eleventh Five Year Plan (2007-12) which was approved by the National Development Council on 19 December, 2007 provides a comprehensive strategy for inclusive development, building on the growing strength of the economy, while also addressing weaknesses that have surfaced. It sets a target for 9 per cent growth in the five year period with acceleration during the period to read 10 per cent by the end of the plan. It also covers 26 other major indices of performance relating to poverty, health education, women and children, infastructure, and environment and sets monitorable targets in each
The Tenth Five-Year Plan (2002-07) was approved by the National Development Council on 21st December 2002. The Plan has further developed the NDC mandate objectives, of doubling the per capita income in ten years and achieving a growth rate of eight per cent of GDP per annum. Since economic growth is not the only objective, the Plan aims at harnessing the benefits of growth to improve the quality of life of the people by setting of the following key targets: Reduction in the poverty ratio from 26 per cent to 21 per cent, by 2007; Decadal Population Growth to reduce from 21.3 per cent in 1991-2
The Ninth Plan (1997-2002) was launched in the fiftieth year of India's Independence. The Plan aimed at achieving a targeted GDP growth rate of seven per cent per annum and there was emphasis on the seven identified Basic Minimum Services (BMS) with additional Central Assistance earmarked for these services with a view to obtaining a complete coverage of the population in a time-bound manner. These included provision of safe drinking water, availability of primary heath service facilities, universalization of primary education, public housing assistance to shelterless poor families, nutritiona
The Eighth Five-Year Plan (1992-97) was launched immediately after the initiation of structural adjustment policies and macro stabilization policies, which were necessitated by the worsening Balance of Payments positions and the position of inflation during 1990-91. The various structural adjustment policies were introduced gradually so that the economy could be pushed to a higher growth path and improve its strength and thus prevent a crisis in Balance of Payments and inflation in the future. The Eighth Plan took note of some of these policy changes, which were to come about due to these refo
The Seventh Plan (1985-90) emphasized policies and programmes, which aimed at rapid growth in food grains production, increased employment opportunities and productivity within the framework of basic tenets of planning, namely, growth, modernization, self reliance and social justice. Food grains production during the Seventh Plan grew by 3.23 per cent as compared to a long-term growth rate of 2.68 per cent between 1967-68 and 1988-89 and the growth rate of 2.55 per cent in the eighties due to overall favorable weather conditions, implementation of various thrust programmes and concerted effort
Removal of poverty was the foremost objective of the Sixth Plan (1980-85). The strategy adopted was to move simultaneously towards strengthening the infrastructure for both agriculture and industry. Stress was laid on tackling interrelated problems through a systematic approach with greater management, efficiency and intensive monitoring in all sectors and active involvement of people in formulating specific schemes of development at the local level and securing their speedy and effective implementation. The actual expenditure in the Sixth Plan stood at Rs.1,09,291.7 crore (current price) as a
The Fifth Plan (1974-79) was formulated against the backdrop of severe inflationary pressures. The major objectives of the plan were to achieve self-reliance and adopt measures for raising the consumption standard of people living below the poverty line. This Plan also gave high priority to bring inflation under control and to achieve stability in the economic situation. It targeted an annual growth rate of 5.5 percent in the national income. Four Annual Plans pertaining to the Fifth Plan period were completed. It was subsequently decided to end the Fifth Plan period with the close of the Annu
The Fourth Plan (1969-74) aimed at accelerating the tempo of development of reducing fluctuations in agricultural production as well as the impact of uncertainties of foreign aid. It sought to raise the standard of living through programmes designed to promote equality and social justice. The Plan laid particular emphasis on improving the conditions of the less privileged and weaker sections especially through provision of employment and education. Efforts were directed towards reduction of concentration of wealth, income and economic power to promote equity. The Plan aimed at increasing the n
The Third Plan (1961-62 to 1965-66) aimed at securing a marked advance towards self-sustaining growth. Its immediate objectives were to : Secure an increase in the national income of over five per cent per annum and at the same time ensure a pattern of investment which could sustain this rate of growth in the subsequent Plan periods;achieve self-sufficiency in food grains and increase agricultural production to meet the requirements of industry and exports;expand basic industries like steel, chemicals, fuel and power and establish machine building capacity so that the requirements of further
The Second Five-Year Plan (1956-57 to 1960-61) sought to promote a pattern of development, which would ultimately lead to the establishment of a socialistic pattern of society in India. Its main aims were An increase of 25 per cent in the national income;Rapid industrialization with particular emphasis on the development of basic and heavy industries; Large expansion of employment opportunities; and Reduction of inequalities in income and wealth and a more even distribution of economic power. The Plan aimed at increasing the rate of investment from about seven percent of the national income
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