Name

: Gohil Abhaydeepsinh .S

Topic

: Five year plan.

Guidance of

: DR J.P SIR
: DR Ami madam

Submit to

: M.K Bhavnagar University,

Department of Business
Administration.

Date

: 7/12/2015

Sign

Basic information of five year plan.

After independence in 1947 the committee on economy

planning was constituted under the chairmanship of
jawahar lal Nehru. There after, on the recommendation of
this committee, planning commission was constituted in
March, 1950 and the format of fist plan was prepared in
1951.
The planning commission was constituted in India in 1950
as a non-constitutional and advisory corporation. The
Indian constitution did not provide for the formation of
planning commission. The basic aim of five year plan in
India is to bring about rapid economic growth through
development of agriculture, industry, power, transport
and this
From 1st januvary 2015, the newly formed NITI ayog has
replaced the planning commission.
First five year plan: (1951-1954)
This plan was based on Harrod-domar model. This model
gives more importance to agriculture sector. And other
objective like rehabilitation of refugees was also focused.
This plan helps to achieve food self-sufficiency and
controlled inflation. This plan and seventh plan are only
plan which achieve GDP more than target. Fist plan
achieve 3.6% of GDP more than target of 2.1% during this
plan there was increase of 18% in national income and
11% in per capital income.
Second five year plan: (1956-1961)
This plan seems to base on socialist derived from derived
from soviet model and prepared on the bases of p.c
mahalonobies model.in this plan industries and minerals

were on top priority and second priority was

infrastructure development so that 20.1% and 27% of
total outlay was allocated to first and second priority
respectively.
Third five year plan: (1961-1966)
The aim of this plan was to make the economy
independent. This plan was called gadgil yojana. The
plan was based on agriculture and industry both.
Although this was most failure plan amongst the all. The
reasons was indo-china war and indo-Pakistan war and
unprecedented drought. Fist time rupee was devalued in
June 1966. GDP was only 2.71% during this plan.
Plan holiday: (1966 -1969)
The miserable failure of the third plan forced government
to declare plan holiday three annual plans were drawn
in this intervening period. It was not considered as a five
year plan. Equal priority were given to agriculture, its
allied sectors and the industry sector.
Fourth five year plan: (1974-1979)
The main difficulties arrive in this plan was adversity of
dimate which effects on agriculture and arrived of refuges
from Bangladesh. The two main objective of this plan
were
growth
and
stability
and
progressive
achievement of self- reliance. But this planes
achievement was only 3.3% of GDP.
Fifth five year plan: (1974-1979)
Originally the approach paper of the fifth plan was
prepared under c.subramaniam in 1972, but final draft of
the plan was prepared and launched by D.P Dhar. The

priority was given to agriculture next come industry and

mines.

Sixth five year plan: (1980-1985)

The janta government originally introduced this plan for
the period 1978-83, but later a new sixth plan replaced it
for period of 1980-85. This plan important programs like
integrated rural development program (IRDP), minimum
needs program (MNP) were started. This plan was focused
on an achieving economic and technological self-reliance,
reducing poverty, generation employment and improving
the quality of life of the citizens through the minimized
needs program etc.
Seventh five year plan: (1985-1990)
In this plan for the first time private sector was given
more priority in comparision to public sector the objective
of this plan include establishment of self sufficient
economy, creation of more opportunities for productive
employment slowing down the rate of population growth
to provide people with adequate nutrition and energy and
environment protection but aim of the plan was to
increase production in all sector and to generate
opportunites for employment there was increase of 3.6%
per annual.
Eighth five year plan: (1992-1997)

The vision of the eight plan was approved at a time

country was going through an economic crisis, a rising
debt burden, ever-widening budget deficits mounting
inflation and recession in industry. The P.V.Narasimha Rao
government initiated the process of economic reforms.
Importance was given to a development of human
resources i.e. employment, education and public health.
In addition to this the important aim was made in this
plan was to strength the basic infrastructure by the end
of the decade.

Ninth five year plan: (1997-2002)

This plan was launched in the fifteenth year of Indias
independence. Planning commission released the draft
ninth plan document on march 1, 1998. In focus of
growth with social justice and equity it assigned the
priority to agriculture and rural development with a view
to generating adequate productive employment and
reduction of poverty. However, the plan failed to achieve
target because of the recession of international economy.
Tenth five year plan: (2002-2007)
We can considered this plan as one of the most success
plan. The tenth plan was expected to follow a regional
approach rather than sectorial approach to bring down
regional iniquity. Its main approach was to reduce poverty
and unemployment and to double the per capita income
in next 10 years. During this plan foreign exchange in
February 2007. Though the 10th plan could not achieve its

target of 8% growth but has taken the economy to a

higher trajectory of growth rate.
Eleventh five year plan: (2007-2012)
The national development council (NDC) countrys
highest policy making body, endorsed the 11th plan
document on 19th December 2007 total plan expenditure
for the 11th period has been proposed to the tune of RS
36,44,718 core, which is more than double of the plan
expenditure of the 10th. CAD has been on rise since 20062007 and by the year 2010-11 it had reached $45.9
billion.

Twelfth five year plan

Indian citizen had seen the economy growth much faster
in the past 10 years than it did earlier and deliver visible
benefits to a large numbers of people. This has
understandably resided the expectation of all sections.
The main challenge is to reverse the observed declaration
in growth by reverse the observed declaration in growth
by reviving investment as quickly as possible and also to
create healthy environment for investment. The plan
must formulate in such way that can bring it back to its
real growth potential this will take a time but aim should
be to get back 9% percent growth. The vision of twelfth
five year plan is Faster, Sustainable and more

Inclusive growth. We can divide this plan in two

sections economic and social sectors.
12th five year plan

Economic sector
*Agriculture
*Industry
*Energy
*Infrastructure
*communication

social sector
*sustainable development
*Health
*Educations
*skill development
*child development

Economic sector
In this plan renewable energy, especially wind energy and
solar energy are potentially promising alternative to
conventional fossil fuel potentially promising alternatives
to conventional fossil fuel-based electric power. This plan
has many more budget than earlier plan for renewable
energy. In communication this plan see scope in the
(UDOF) universal services obligation fund creatively to
enhance access to mobile telephone including services.
By the introduction of 3G services telecommunication has

associated increase in internet connectivity. For

infrastructure twelfth plan was trying to developed road
connectivity In Jammu & Kashmir, the north-east and
other special category states. In railways plan was
focused on expansion of system and accompanied by the
technological modernization and safety and steps is also
taken for flagship project like western and eastern freight
corridor and high speed corridor. The twelfth plan with the
creative use of PPP wherever possible and project like
Navi Mumbai airport, the Goa airport and the Kannur
airport were to be developed and some of the airport
have to make international hub. In the development of
ports twelfth plan has introduced one new port in westBengal and other in Andhra Pradesh. The twelfth plan is
estimated to be rs 55.7 lakh core to be invest in
infrastructure. In agriculture twelfth plan address some
basic fist factor, to increase rice productivity in eastern
India and second step at same time relative north-west
India from the stress on ground water. Third step to
ensure that there is enough priority between production
for crops such as oilseeds and pulses as for rice and
wheat this was factor related to economic sector.

Social sector
For sustainable development plans focused on more
nuclear energy than thermal energy and also have some
safety factor after Fukushima accident taken place and
also alert for carbon dioxide and greenhouses gas. For

education the SSA has brought us close to the target of

universalization of primary education and the right to
education act (RTE) 2009. The skill development mission
is being launched to skill at least 50 million individuals by
the end of the twelfth plan. Through industrial training
institutes (ITI) and public private partnership. In field of
health twelfth plan will do transformation of the NRHM
into National Health mission which would cover both rural
and urban areas. India has the largest and the longest
running child development program in the world in the
form of ICDS. ICDS program will be expanded and
comprehensively restricted in the twelfth plan to make it
more effective.
The twelfth plan will provide employment in the
manufacture growth, by growing at the decided target
and through agriculture growth 4%, construction 7.3%
and many more in rural area. This plan also support
MGNREGA in rural area to generate employment.