Which five year plan was launched with focus on sustainable growth?
Answers
During this years from 1947 to 2017 Indian economy was premised on concept of planning.
This was carried from Five-Year Plans and developed, executed and monitored by the Planning Commission and the NITI Aayog (2015-2017).
Prime Minister as the ex-officio chairman where commission has a nominated deputy chairman who has a rank of a cabinet Minister. Montek Singh Ahluwalia as last deputy chairman of the commission.
Before Fourth Plan the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism which shows the adoption of the Gadgil formula in 1969.
Revised versions of the formula have been used since then to confirm the gathering of central assistance for state plans.
The Twelfth Five Year Plan 2012-2017 was launched with focus on Sustainable Growth.
The Plan focused on rapid economic growth viz-a-viz inclusive and sustainable. The focus on sustainable growth is reflected in the subtitle of the plan-"Faster, Sustainable and more Inclusive Growth".
The Environmental Sustainability was also a major focus of the plan.