First Five Year Plan(1951-55)

Total budget: 206.8 billion (INR) or USD$23.6 billion.

Objectives the standard of living

Community and agriculture development

Energy and irrigation

Communications and transport

Industry

Land rehabilitation

Social services

Target of GDP growth 2.1 per year

Achieved had been 3.6% per year

ACHIEVEMENTS

GDP 3.6% per year

Evolution of good irrigation system

improvement in roads

civil aviation

railways

Telegraphs

posts

manufacture of fertilizers

electrical equipment

Disadvantagesdevelopment of only a few industries

private industry had not developed

Second Five Year Plan(1956-1961)

To increase by 25% the national income

To make the country more industrialized

To increase employment opportunities so that every citizen gets a job

Development of

Mining and industry

Community and agriculture development

Power and irrigation

Social services

Communications and transport

Miscellaneous

5 steel plants

a hydro-electric power project

production of coal increased

more railway lines

Land reform measures

improved the living standards of the people

The large enterprises in seventeen industries were nationalized

Objective Acheivement

Disadvantages eliminate the importation of consumer goods

high tariffs

Low quotas or banning some items altogether

License were required for starting new companies

This is when India got its License Raj, the bureaucratic control over the economy

When a business was losing money the Government would prevent them from shutting down

Third Five Year Plan(1961-1966)

More stress to agriculture

subsidies

Sufficient help

Effective use of country's resources

To increase the national income by 5% per year

To increase the production of agriculture so that the nation is self sufficient in food grains

To provide employment opportunities for every citizen of the country

To establish equality among all the people of the country

Decentralization

Organizations formed

Panchayat

Zila Parishads

Laid emphasis on

oil conservation

irrigation

Afforestation

dry farming

Many fertilizer and cement plants were built

Green Revolution

i

Objective Acheivement

Problems facedSino Indian War, India witnessed increase in price of products. The resulting inflation

4th Five Year Plan(1969 to 1974)

to reform and restructure govts expenditure agenda( defense became one major expense)

To facilitated growth in exports

to alter the socio economic structure of the society

Great advancement has been made with regard to India's national income

considered as one of the emerging powers

served as a stepping stone for the economic growth

Food grains production increased

Objective Acheivement

Problemsa gap was created between the people of the rural areas and those of the urban areas.

Due to recession, famine and drought, India did not pay much heed to long term goals

Fifth Five Year Plan1974 to1979

OBJECTIVES

To reduce social, regional, and economic disparities

To enhance agricultural productivity

To check rural and urban unemployment

To encourage self-employment

Production support policies in the cottage industry sector

To develop labor intensive technological improvements

PROBLEMS

The international economy was in a trouble

Food, oil, and fertilizers where prices sky-rocketed

Several inflationary pressures

ACHIEVEMENTS

Food grain production was above 118 million tons due to the improvement of infrastructural facilities

Bombay High had shot up the commercial production of oil in India

Problems facedThe world economy was in a troublesome state

This had a negative impact on the Indian economy

Prices in the energy and food sector skyrocketed and as a consequence inflation became inevitable

Sixth Five Year Plan1980 to1985

OBJECTIVES To improve productivity level

To initiate modernization for achieving economic and technological self-reliance

To control poverty and unemployment

To develop indigenous energy sources and efficient energy usage

To promote improved quality of life of the citizens

To introduce Minimum Needs Program for the poor

To initiate Family Planning

ACHIEVEMENTS

Speedy industrial development

Emphasis on the information technology sector

self sufficiency in food

science and technology also made a significant advance

several successful programs on improvement of public health

government in the Indian healthcare sector

Government investments in the Indian healthcare sector

Problems facedDuring this time the Prime Minister was Rajiv Gandhi and hence industrial development was the emphasis of this plan some opposed it specially the communist groups, this slowed down the pace of progress.

Seventh Five Year Plan1985 to 1989

OBJECTIVES Anti-poverty program

Improved facilities for education to girls

The government undertook to increase productivity of

Oilseeds,Fruits,Vegetables

Pulses,cereals,Fish

Egg,Meat,milk.

Communications

Emergence of informatics, and hooking up of telecommunications with computers

Transport

inland waterways, product pipelines, civil aviation, coastal shipping

ACHIEVEMENTS

Social Justice

Removal of oppression of the week

Using modern technology

Agricultural development

Anti-poverty programs

Full supply of food, clothing, and shelter

Increasing productivity of small and large scale farmers

Making India an Independent Economy

Problems1989-91 was a period of political instability in India and hence no five year plan was implemented

In 1991, India faced a crisis in FOREIGN exchange(Forex) reserves

Eighth Five Year Plan1992 to1997

OBJECTIVES

Prioritize the specific sectors which requires immediate investment

To generate full scale employment

Promote social welfare measures like improved healthcare, sanitation, communication and provision for extensive education facilities at all levels

To check the increasing population growth by creating mass awareness programs

To encourage growth and diversification of agriculture

To strengthen the infrastructural facilities

To place greater emphasis on role of private initiative in the development of the industrial sector

ACHIEVEMENTS

Rise in the employment level

Poverty reduction

Self-reliance on domestic resources

Self-sufficiency in agricultural production

GDP Growth Per Annum 5.6

Ninth Five Year Plan1997 to 2002

OBJECTIVES to prioritize rural development

to generate adequate employment opportunities

to stabilize the prices

to ensure food and nutritional security

to provide for the basic infrastructural facilities like education for all, safe drinking water, primary health care, transport, energy

to check the growing population increase

to encourage social issues like women empowerment

to create a liberal market for increase in private investments

A combined effort of public, private, and all levels of government

ensured the growth of India's economy.

Service sector showed fast growth rate

ACHEIVEMENT

Tenth Five Year Plan(2002-2007)

OBJECTIVES

To transform the country into the fastest growing economy of the world

targets an annual economic growth of 10%

Human and social development

The social net

Industry and services:

Industry,Minerals,Energy,Information technology,Tourism,Real estate,Construction,Internal trade

Forests and environment

Science and technology

Special area programs

schooling to be compulsory for children

Eleventh five year plan OBJECTIVES

Income & Poverty

Education

Health

Women and Children

Infrastructure

Environment