Question

In which five year plan was the average real growth rate of per capita income the lowest?​

Answer 1

list of five years plan in India

The Five-Year Plans were laid to rest by the Narendra Modi-led NDA government in 2015. Hence, the 12th five-year plan is considered as the last five-year plan of India. The decades-old Five-Year Plans was replaced by a three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document. The Niti Aayog has replaced the Planning Commission in the Modi Cabinet and launched three-year action plans from April 1, 2017, onwards.

1. First Five Year Plan:

I. It was launched for the duration of 1951 to 1956, under the leadership of Jawaharlal Nehru.

II. It was based on the Harrod-Domar model with a few modifications.

III. Its main focus was on the agricultural development of the country.

IV. This plan was successful and achieved a growth rate of 3.6% (more than its target of 2.1%).

V. At the end of this plan, five IITs were set up in the country.

2. Second Five Year Plan:

I. It was made for the duration of 1956 to 1961, under the leadership of Jawaharlal Nehru.

II. It was based on the P.C. Mahalanobis Model made in the year 1953.

III. Its main focus was on the industrial development of the country.

IV. This plan lags behind its target growth rate of 4.5% and achieved a growth rate of 4.27%.

V. However, this plan was criticized by many experts and as a result, India faced a payment crisis in the year 1957.

Answer 2

Answer:

Twelfth Plan (2012–2017) The Twelfth Five-Year Plan of the Government of India has been decided to achieve a growth rate of 8.2% but the National Development Council (NDC) on 27 December 2012 approved a growth rate of 8% for the Twelfth Plan.