Q. 3(B) Answer the following questions in 25 to 30 words.
1. Which programmes were started in the 8th five-year plan?
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Answer:
Eighth Five Year Plan 1992-1997
Explanation:
- Creation of employment, check population growth, and overall human development.
- Primary health facilities, Drinking Water & Vaccination in all villages.
- Growth and diversification of agricultural activities.
- Strengthen the basic Infrastructure.
- 8th plan was a plan for managing the transition from a centrally planned economy to market led economy through indicative planning.
- By 1992, India was a party to WTO and decision of opening of Indian Economy was taken to correct the increasing deficit and foreign Debt.
- Important Points
- Plan Outlay was Rs. 798100 Crore
- Total Outlay for Public Sector : Rs. 434100 Crore (Rs. 361000 for new expense and Rs. 73100 for current expenses)
- Annual Target Growth rate: 5.6% (Achieved growth 6.7%)
- Annual growth in Agriculture and allied sector 3.5 % (achieved growth 3.9%)
- Target percapita income Growth: 3.8% (Achieved Growth 4.4%)
- Inflation in September 1991 was 16.3 % which cut down by 3.8 % in November 1997.
- Fiscal Deficit was 8.3 % in 1990-91, it was controlled and came down to 5.23 % in 1996-97.
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