Economic Planning in India - General Knowledge for PA Exam

Planning Commission of India :
  • It is an institution of Government of India which formulates India's Five Year plans. 
  • Head Quarters : Yojana Bhawan, Sansad Marg, New Delhi - 110001
  • Chariman : Manmohan Singh (Prime Minister)
  • Deputy Chairman : Montek Singh Ahluwalia
  • Member Secretary : Rajeev Ratna Shah
Important Points to Remember :
  • First Industrial Resolution Policy in India - 1948 
  • New Industrial Policy - 1991
  • Planning Commission was set up in - 1950
  • First Five year plan was started from - 1951
  • Major aim of planning - To improve standards of living of people
  • Removal of Poverty (Garibi Hatao) - 4th Five Year Plan (Indira Gandhi)
  • Total Plan outlay for 11th Five Year Plan (2007-12) - Rs. 36,44,000 Crores
  • Growth Rate for 11th Five Year Plan - 9% to 10%

Economic Planning in India :

  • General Objectives :
    • To improve national income and raise the standard of living in the country. 
    • To attain rapid industrialization with an emphasis on basic and heavy industries.
    • To create and expand employment opportunities.
    • To ensure distributional justice through reduciton in inequalities in income and wealth.
    • To increase employment opportunities.
  • Specific Objectives :
    • 1st Five Year Plan (1951-56) - Priority of Agriculture 
    • 2nd Five Year Plan (1956-61) - Priority of Industries Sector
    • 3rd Five Year Plan (1961-66) - Self Reliance
    • 4th Five Year Plan (1969-74) - Removal of Poverty, Growth with Justice
    • 5th Five Year Plan (1974-79) - Removal of Poverty and Self reliance
    • 6th Five Year Plan (1980-85) - The emphasis same as 5th Plan
    • 7th Five Year Plan (1985-90) - Food Production, Employment, Productivity
    • 8th Five Year Plan (1992-97) - Employment Generation, Control of Population
    • 9th Five Year Plan (1997-02) - Growth Rate of 7 percent
    • 10th Five year Plan (2002-07) - Self employment and resources and development
    • 11th Five Year Plan (2007-12) - Comprehensive and faster growth
    • 12th Five Year plan (2012-17) - Improvement of Health, Education and Sanitation

2 comments:

  1. Excellent..need more update regularly....

    ReplyDelete
    Replies
    1. sure kindly visit regularly for more updates. thank you

      Delete