Write a short note on Five Year planning in India.
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Answer:
Equal priority was given to agriculture, its allied activities, and industrial sector. The government of India declared "Devaluation of Rupee" to increase the exports of the country. The main reasons for plan holidays were the war, lack of resources and increase in inflation.
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the planning commission had developed 12 Five Year Plans and 6 annual plans.the 1965 Indo Pakistan war several draw rice action of currency and reduction of resources available for planning purposes resulted in the formulation of three annual plans between 1966 and 1969 V year plan was Terminator which paved way for an annual plan in 1979 to 1980 similarly the eighth five year plan could not come into a factor as a result of a fast changing Political situation at the centre this LED 2 annual plans between 1990 and 1992.
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