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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 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 preceding year in 1979–80 under the Janata Party government had led to the strongest recession (−5.2%) in the history of modern India with inflation rampant at 18.2%. [ 19 ] [ 21 ] Gandhi proceeded to abrogate the Janata Party government's Five-Year Plan in 1980 and launched the Sixth Five-Year Plan (1980–85).
The objectives to be achieved by the end of the Eighth Five Year Plan [5] are: One peripheral health centre for 30,000 population in plains and 20,000 population in tribal and hilly areas; one sub-centre for a population of 5000 people in the plains and for 3000 in tribal and hilly areas; one community health centre for a population of 100,000
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 ...
Two subsequent Five-Year Plans were formulated before 1965, when there was a break because of the Indo-Pakistan conflict. Two successive years of drought, devaluation of the currency, a general rise in prices and erosion of resources disrupted the planning process and after three Annual Plans between 1966 and 1969, the fourth Five-Year Plan was ...
The first Five Year Plan had provision of only a marginal central assistance which did not play an important part. Due to this, in the second five-year plan, substantial importance was given to it. And in the third five-year plan, the states had laid more stress on planning and had become critical.
The Bombay Plan is the name commonly given to a World War II-era set of Import substitution industrialization-based proposals for the development of the post-independence economy of India. The plan, published in 1944/1945 by eight leading Indian industrialists, proposed state intervention in the economic development of the nation after ...