Information on FIRST FIVE YEAR PLAN to NINTH FIVE YEAR PLAN {duration and objections(each one)}
Answers
Explanation:
1. First Five Year Plan:
I. It was made for the duration of 1951 to 1956.
II. It was based on the Harrod-Domar model.
III. Its main focus was on the agricultural development of the country.
IV. This plan was successful and achieved growth rate of 3.6% (more than its target)
2. Second Five Year Plan:
I. It was made for the duration of 1956 to 1961.
II. It was based on the P.C. Mahalanobis Model.
III. Its main focus was on the industrial development of the country.
IV. This plan was successful and achieved growth rate of 4.1%
3. Third Five Year Plan:
I. It was made for the duration of 1961 to 1966.
II. This plan is called ‘Gadgil Yojna’ also.
III. The main target of this plan was to make the economy independent and to reach self active position of take off.
IV. Due to china war, this plan could not achieve its growth target of 5.6%
4. Plan Holiday:
I. The duration of plan holiday was from 1966 to 1969.
II. The main reason behind the plan holiday was the Indo-Pakistan war & failure of third plan.
III. During this plan annual plans were made and equal priority was given to agriculture its allied sectors and the industry sector.
5. Fourth Five Year Plan:
I. Its duration was from 1969 to 1974.
II. There were two main objective of this plan i.e. growth with stability and progressive achievement of self reliance.
III. During this plan the slogan of “Garibi Hatao” is given during the 1971 elections by Indira Gandhi.
IV. This plan failed and could achieve growth rate of 3.3% only against the target of 5.7%.
6. Fifth Five Year Plan:
I. Its duration was 1974 to 1979.
II. In this plan top priority was given to agriculture, next came to industry and mines.
III. Overall this plan was successful which achieved the growth of 4.8% against the target of 4.4%.
IV. The draft of this plan was prepared and launched by the D.P. Dhar. This plan was terminated in 1978.
7. Rolling Plan: This plan was started with an annual plan for 1978-79 and as a continuation of the terminated fifth year plan.
8. Sixth Five Year Plan:
I. Its duration was from 1980 to 1985.
II. The basic objective of this plan was poverty eradication and technological self reliance.
III. It was based on investment yojna, infrastructural changing and trend to growth model.
IV. Its growth target was 5.2% but it achieved 5.7%.
9. Seventh Five Year Plan:
I. Its duration was from 1985 to 1990.
II. Objectives of this plan include the establishment of the self sufficient economy, opportunities for productive employment.
III. For the first time the private sector got the priority over public sector.
IV. Its growth target was 5.0% but it achieved 6.0%.