- A Higher Growth Rate:
- Growth of Economic Infrastructure:
- 3. Development of Basic and Capital Goods Industries:
- Higher Growth of Agriculture:
- Savings and Investment:
- Inadequate Growth Rate:
- Whither India's Socialistic Society:
- Economic Inequality and Social Injustice:
What are the achievements of five year plans in India Class 12?
- A better Growth Rate: Economic planning in India aims at bringing a few rapid economic developments altogether sectors. …
- Growth of Economic Infrastructure: India's performance in the build-up the required economic infrastructure is basically praiseworthy.
What are the achievements of planning in India?
- Economic Growth: …
- Progress in Agriculture: …
- Industrial Growth: …
- Public Sector: …
- Infrastructure: …
- Education and Health Care: …
- Growth of Service Sector: …
- Savings and Investment:
Which five year plan is most successful in India?
The Sixth Five-Year Plan
was a great success to the Indian economy. The target growth rate was 5.2% and the actual growth rate was 5.7%.
What are the achievement of five year plan?
National Income and Balance of Payment: The
plan envisaged an average annual compound growth rate of 5.7 per cent
. Against this projected growth, the economy experienced a rate of growth of 5.2 per cent in 1969-70, 4.2 per cent in 1970-71, 1.7 per cent in 1971-72, and 0.6 per cent in 1972-73.
Why did the 5 year plans fail?
Failures of the first five-year plan
The
great push for industrialization caused quotas to consistently be looked at and adjusted
. Quotas expecting to reach 235.9 percent output and labor to increase by 110 percent were unrealistic in the time frame they allotted for.
Which plan is known as Gadgil plan?
The Third 5 year Plan
is also known as Gadgil Yojana. The aim focus of Gadgil Yojana is on agriculture as well as to enhance the production of wheat. But due to the Indian War in the year 1962, the flow of the economy decreased and shifted the spotlight towards the Defense industry.
Who is called the architect of Indian planning?
Jawaharlal Nehru
, the Founder of Modern India: The Architect of Indian Planning for Political, Economic, and Social Structure Hardcover – Import, 1 December 1989.
What is the 13th five year plan?
The 13th FYP will
set the framework for government policies from 2016-2020
, and will focus on boosting economic development during a period of slowing economic growth. … Innovation a Focus: The 13th FYP put forward to implement innovation driven development strategy.
Who prepared 12th five year plan?
12th Five Year Plan of the Government of India (2012–17) was India's last Five Year Plan. With the deteriorating global situation, the Deputy Chairman of the Planning Commission
Mr Montek Singh Ahluwalia
has said that achieving an average growth rate of 8 per cent in the next five years is not possible.
Who is known as the father of Indian planning?
Father of Indian Economic Planning is
Sir M. Vishweshwaraiah
. Sir M Visvesvaraya, popularly known as Sir MV, was an engineer, statesman, and a scholar.
How do you build a successful economic plan?
- Central-Planning Authority: …
- Reliable Statistical Data: …
- Specific Objective: …
- Fixation of Targets and Priorities: …
- Suitable Economic Organisation: …
- Strong and Stable Government: …
- Fair and Efficient Administration: …
- Mobilization of Resources:
Why equity as a planning goal is very important?
Both growth and equity are the two important objectives of Indian planning. … Hence, growth with equity is a rational and desirable objective of planning. This objective ensures that
the benefits of nigh growth are shared by all the people equally and hence inequality of Income is reduced along with growth in income
.
Who introduced Garibi Hatao scheme?
Garibi Hatao (“Remove poverty”) was the theme and slogan of Indira Gandhi's 1971 election campaign.
Which 5 year plan is running now in India?
The Five-Year Plans were laid to rest by the Narendra Modi-led NDA government in 2015. Hence,
the 12th five-year plan
is considered the last five-year plan of India. The decades-old Five-Year Plans was replaced by a three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document.
Which sector is the backbone of Indian economy?
The secondary sector
is the backbone of the Indian economy. There is a promising future for this sector with more development and growth in the coming years. The Tertiary sector is similar to the secondary sector in terms that it too adds to the value of the products.
