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The Five-Year Plans of India were a series of national development programmes implemented by the Government of India from 1951 to 2017. [1] Inspired by the Soviet model , these plans aimed to promote balanced economic growth , reduce poverty and modernise key sectors such as agriculture, industry, infrastructure and education.
The model was created as an analytical framework for India's Second Five-Year Plan in 1955 by appointment of Prime Minister Jawaharlal Nehru, as India felt there was a need to introduce a formal-plan model after the First Five Year Plan (1951–1956). The First Five-Year Plan stressed investment for capital accumulation in the spirit of the one ...
The government intends to reduce poverty by 10 per cent during the 12th Five-Year Plan. Mr Ahluwalia said, "We aim to reduce poverty estimates by 2 per cent annually on a sustainable basis during the Plan period". According to the Tendulkar methodology, the percentage of population below the poverty line was 29.8 per cent at the end of 2009 ...
The 1956 policy continued to constitute the basic economic policy for a long time. This fact has been confirmed in all the Five-Year Plans of India. According to this resolution the objective of the social and economic policy in India was the establishment of a socialistic pattern of society. It provided more powers to the governmental machinery.
The Planning Commission was an institution in the Government of India which formulated India's Five-Year Plans, among other functions. In his first Independence Day speech in 2014, Prime Minister Narendra Modi announced his intention to dissolve the Planning Commission. It has since been replaced by a new institution named NITI Aayog.
The government was even able to exceed the targeted growth figure with an annual growth rate of 5.0–5.2% over the five-year period of the plan (1974–79). [1] [4] The economy grew at the rate of 9% in 1975–76 alone, and the Fifth Plan, became the first plan during which the per capita income of the economy grew by over 5%. [19]
After his appointment as a member of the Planning Commission of India, Gadgil conducted studies on the pattern of allocation of central assistance to the states in the Five-Year Plans of India. [17] In 1969, he evolved a set of guidelines for the purpose, popularly known as the Gadgil formula , which formed the base of central assistance to ...
The Minimum Needs Programme (MNP) was introduced in the first year of the Fifth Five Year Plan [1] (1974–78), to provide certain basic minimum needs and improve the living standards of people. [2] It aims at "social and economic development of the community, particularly the underprivileged and underserved population".