PLANNING IN INDIA

(1938)

•          Indian National Congress formed this committee
•          Subhash Chandra Bose was Congress president and was chaired by Jawaharlal Nehru
•          Aim was to release detailed blueprint of an economic plan for independent India.

Bombay plan

(1944)

•          Industrialists of Bombay including Mr. JRD Tata, GD Birla, Purshottamdas Thakurdas, Lala Shriram, Kasturbhai Lalbhai, AD Shroff, Ardeshir Dalal, & John Mathai prepared this plan.
•          it was neglected by the political parties and by the business class due to various reasons.

People’s Plan

(1945)

•         By MN Roy.
•         This plan gave greatest priority to Agriculture.
•          This plan was for ten years.
•         It recommended nationalization of all agriculture and production.

(1944)

•         By Sri Shriman Narayan who was principal of Wardha Commercial College.
•          Plan emphasized economic decentralization with primacy to rural development by developing cottage industries.

Sarvodaya Plan

(1950)

•         By Jaiprakash Narayan inspired by Gandhian plan as
•          well as Sarvodaya Idea of Vinoba Bhave.
•          It emphasized on small and cotton industries and
•          agriculture as well.
•          Plan also stressed upon land reforms and decentralized participatory planning

•          set up by a Resolution, with Jawaharlal Nehru as the first Chairman of the Planning Commission.

First Five-year

Plan

•          1951-56
•          Based on the Harrod-Domar model.
•          Its main focus was on the agricultural development of the country including irrigation and power projects.
•          Targeted growth rate – 2.1 percent
•          Achieved growth rate of 3.6% (more than its target)

Second Five Year Plan

•         1956 to 1961
•          Rapid industrialization with a focus on heavy industries and capital goods
•          Targeted growth rate – 7.5 percent
• ·       Achieved growth rate of 4.1%
•          It was based on the P.C. Mahalanobis Model

Third Five Year

Plan

•          1961 to 1966
•          Also called ‘Gadgil Yojana’
•          The main target of this plan was to make the economy independent and to reach the self-active position of take-off.
•         For the first time, considered the aim of balanced, regional development.

Three annual plans (plan holiday)

•          1966 to 1969.
•          Focus was on Self-reliance.
•          During this plan, annual plans were made and equal priority was given to agriculture & its allied sectors and the industry sector.
•          Green revolution was ushered in this period. (1966-67).

•          1969 to 1974
•          Growth with stability and progressive achievement of self-reliance.
•          Targeted growth rate – 5.7 percent
•         Achieved growth rate of 3.3% (plan failed to achieve targeted growth rate)

Fifth Five Year

Plan

•          1974 to 1979.
•          Focus on poverty alleviation and self-reliance
•         Targeted growth rate – 4.4 percent
•          Achieved growth rate of 4.8% (plan was successful)
•         This plan was terminated in 1978.

•          1978 to 1980
•          As a continuation of the fifth year plan

Sixth Five Year

Plan

•         1980 to 1985.
•         Targeted growth rate – 5.2 percent
•          Achieved growth rate of 5.7% (plan was successful)
•          Objective – poverty eradication and Employment generation.

Seventh Five Year Plan

•          1985 to 1990.
•         Objectives – emphasized on rapid food grain production, increased employment creation and productivity in general.
•         Targeted growth rate – 5 percent
•          Achieved growth rate of 6% (plan was successful)

•         Eighth Plan (1990–95) could not take off due to political situation of the country, the Fiscal imbalances and the BOP crisis.

Eighth Five Year

Plan

•          1992 to 1997.
•         Targeted growth rate – 5.6 percent
•         Achieved growth rate of 6.8% (plan was successful)
•          Objective – Development of human resources i.e., employment, education, and public health.
•         Adoption of Indicative planning in totality
•         Narasimha Rao Govt. launched the New Economic Policies of India
•          Rao-Manmohan Model– LPG (Liberalization, Privatization, Globalisation)

Ninth Five Year

Plan

•          1997 to 2002.
•         Targeted growth rate – 7 percent. Achieved growth rate of 5.6%
•          Objective – “growth with justice and equity”.
•         It was launched in the 50th year of independence of India.

Tenth Five Year

Plan

•          2002 to 2007.
•          Objective – aims to double the Per Capita Income of India in the next 10 years.
•         Targeted growth rate – 8 percent
•          For the first time the Plan went to set the ‘monitorable targets’ for eleven select indicators of development for the Centre as well as for the states.

Plan

•          2007 to 2012.
•         Objective – “faster and inclusive growth”

Five Year

Plan

•          2012 to 2017.
•          Objective – “Faster, More Inclusive and sustainable growth”
•          Growth rate target is 9%