Question

Write a short note on the objectives and targets of Eighth Five Year Plan.

Answer 1

From 1947 to 2017, the Indian economy was premised on the concept of planning. This was carried through the Five-Year Plans, developed, executed, and monitored by thePlanning Commission (1951-2014) and theNITI Aayog (2015-2017). With the prime minister as the ex-officio chairman, the commission has a nominated deputy chairman, who holds the rank of a cabinet Minister. Montek Singh Ahluwalia is the last deputy chairman of the commission (resigned on 26 May 2014). The Twelfth Plan completed its term in March 2017.[1] Prior to the Fourth Plan, the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism, which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then to determine the allocation of central assistance for state plans.[2] The new government led by Narendra Modi, elected in 2014, has announced the dissolution of the Planning Commission, and its replacement by a think tank called the NITI Aayog (an acronym for National Institution for Transforming India).

Answer 2

Eight five year plan was made by the Soviet Union and it focused on the administration and economy from the year 1992-1997.

Explanation:

• The plan had several objectives. Obviously, it focused on the creation of employment, having control of the rate of population.
• Basically, it focused on creating general human development. It also aims at providing health facilities such as timely vaccination, maintaining hygiene and having access to clean and safe drinking water.
• It also aims at increasing the agricultural activities which will boost the employment. Improving infrastructure is another objective.

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