Question

Discuss briefly the five years plain

Answer 1

From 1947 to 2017, the Indian economy was premised on the concept of planning. This was carried through the Five-Year Plans, developed, executed, and monitored by thePlanning Commission (1951-2014) and theNITI Aayog (2015-2017). With the prime minister as the ex-officio chairman, the commission has a nominated deputy chairman, who holds the rank of a cabinet Minister. Montek Singh Ahluwalia is the last deputy chairman of the commission (resigned on 26 May 2014). The Twelfth Plan completed its term in March 2017.[1] Prior to the Fourth Plan, the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism, which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then to determine the allocation of central assistance for state plans.[2] The new government led by Narendra Modi, elected in 2014, has announced the dissolution of the Planning Commission, and its replacement by a think tank called the NITI Aayog (an acronym for National Institution for Transforming India).

Answer 2

First five year plan--

1*This plan emphasis towards the increase in production and agriculture activities.

2 * In this plan, community development projects was started.

Second year plan.-*/

This plan emphasis on the domesticated products

Three year plan--

This plan increase the 30% production in agriculture.

Fourth year plan--

This plan increases the agricultural production and green revolution.

Fifth year plan - -

This plan increase the employment and checking inflation.

Sixth year plan - -

This plan emphasis on the increase the agricultural and infrastructure.

Seventh year plan - -

This plan increase the economic productivity and increasing production in food grains.

Eighth year plan - -

This plan emphasis on modernization of industries.

Ninth year plan - -

This plan gave priority to agricultural as well as economy.

Tenth year plan - -

This plan increase the 8% GDP growth in economy.

Eleventh year plan--

This plan increase the GDP rate from %8 to %10

Twelfth year plan - -

This plan aims to achieve 8.2% growth and achieve 4% growth in agriculture.