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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 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%.
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 ...
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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.