Question

write about the Eighth five year plan​

Answer 1

Answer:

The Eighth Five Year Plan was approved by the National Economic Council (NEC) on May 31, 1994. the primary aim of the plan is to attain a sustained economic growth in an environment of macroeconomic stability, equity and justice. The Eighth Plan aims to achieve the following five basic balances:

(a) Balance between planning for the public and private sectors.

(b) Inter and intra-sectoral balances,

(c) Balance between new investment and use of existing capital stock,

(d) Balance between project preparation and implementation,

(e) Balance between committed and available resources.

Objectives:

(a) To attain 7% p.a. growth in GDP (including 4.9% in agriculture and 9.9% in manufacturing sector) by mobilising domestic and foreign resources and efficient use of existing resources;

(b) To encourage participation of all people in the development process and a more equitable sharing of the benefits;

(c) To generate additional employment opportunities by expanding productive avenues through private initiative as well as Government policies and programmes;

(d) To alleviate poverty through an integrated approach of income generation, well dispersed access to social and community services, human resource development, extension of physical infrastructure, population welfare and special programmes for targeted groups and areas;

(e) To ensure greater self-reliance, particularly in food, energy, public finance and external balance;

(f) To conserve natural resources and ensuring protection of environment;

(g) To promote good governance; and

(h) To ensure macroeconomic stability and discipline.

Size:

On 1992-93 prices, the size of the plan was Rs. 1701 billion while its size goes to Rs. 2092 billion on 1993-94 prices.

Explanation:

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Answer 2

Answer:

the plan was launched in twin objectives of alleviation of poverty and unemployment. This plan period saw launching of many flagship programmes. In the 8th five year plan, growth rate achieved was 6.8 % against the target of 5.6%. In the first two years the achieved growth rate was in tune of 7.7%