8th five year plan of india. (PDF) Five­Year Plans of India 2022-10-21

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The 8th Five Year Plan of India was a period of economic development in India that lasted from 1992 to 1997. The plan was designed to accelerate economic growth and improve living standards for the country's citizens. It focused on several key areas, including agriculture, industry, infrastructure, and social services.

One of the main goals of the 8th Five Year Plan was to increase agricultural productivity and improve the lives of rural farmers. To achieve this, the government implemented a number of initiatives, including the expansion of irrigation systems, the introduction of new crop varieties, and the provision of credit and other forms of assistance to small farmers. These efforts helped to increase food production and reduce poverty in rural areas.

The 8th Five Year Plan also sought to promote industrial development in the country. To achieve this, the government implemented a number of measures, including the liberalization of foreign investment policies, the creation of special economic zones, and the promotion of small and medium-sized enterprises. These efforts helped to attract new investment and stimulate economic growth.

In addition to agriculture and industry, the 8th Five Year Plan also focused on improving infrastructure and social services. To improve infrastructure, the government implemented a number of initiatives, including the expansion of roads, bridges, and ports, as well as the development of new power plants and other energy projects. To improve social services, the government implemented a number of initiatives, including the expansion of education and healthcare, and the provision of assistance to the poorest and most vulnerable members of society.

Overall, the 8th Five Year Plan was successful in achieving many of its goals and helping to accelerate economic development in India. However, there were also some challenges and setbacks, including political instability, corruption, and economic recession. Despite these challenges, the 8th Five Year Plan laid the foundation for further economic growth and development in India in the years that followed.

Eighth Five Year Plan (1992

8th five year plan of india

The plan focused on the development of various sectoral targets and ensured the necessary resources were deployed in due course, to achieve the target set. This was achieved through planned efforts and meticulous strategies. The provision of proper drinking water was targeted under this plan. This plan was successful and achieved a growth rate of 3. Visvesvaraya is regarded as a pioneer of economic planning in India. It was the beginning of privatisation and liberalisation in India.

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Economic Planning

8th five year plan of india

For the first time, the private sector got priority over the public sector. This plan aimed to double the Per Capita Income of India in the next 10 years. Reduction of poverty rate by 5% by 2007. Its duration was from 1969 to 1974, under the leadership of II. What is Twelfth Five Year Plan of India? This was done through detailed planned strategies. It involved the distribution of high-yielding varieties of seeds, extensive use of fertilizers, exploitation of irrigation potential and soil conservation measures. Eleventh Five year Plan 2007-2012 India has recorded an average annual economic growth rate of 8%, farm sector grew at an average rate of 3.

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The 8th Five Year Plan

8th five year plan of india

This plan failed and could achieve a growth rate of 3. In the first two years the achieved growth rate was in the tune of 7. The Value of Rupee was devaluated 23%. Financial resources have to be mobilised by both the centre and the states. Five Indian Institutes of Technology IITs were started as major technical institutions. Energy was given priority with 26.

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Eighth Five Year Plan India

8th five year plan of india

A Planning Commission used to make FYPs. Know the detailed UPSC Syllabus in the linked article. In addition, the situation in East Pakistan now Bangladesh was becoming dire as the Indo-Pakistan War of 1971 and Bangladesh. When was the first five-year plan launched in India? The Eighth five-year plan targeted a transition of an economy that was managed through central strategies to a market-centric economy. Overall this plan was successful which achieved a growth of 4.

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How many 5 year plans are there in India?

8th five year plan of india

The present government had however discontinued the Five-year plan system and a new mechanism was put into place. The Fifth Five-Year Plan laid stress on employment, poverty alleviation Garibi Hatao , and justice. The idea of economic planning for five years was taken from the Soviet Union under the socialist influence of first Prime Minister Pt. Rapid economic growth, high growth of agriculture and allied sector, and the manufacturing sector, growth in exports and imports, improvement in trade and current account deficit. The Eighth plan was to concentrate on these objectives keeping in view the need for a continued reliance on domestic resources for financing investments, b increasing the technical capabilities for the development of science and technology, c modernisation and competitive efficiency so that Indian economy can keep pace with and take advantage of global developments.

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Eighth Five

8th five year plan of india

Reduction of gender inequality. It was launched for the duration of 1951 to 1956, under the leadership of II. Since then, many countries have implemented Five-Year Plans including India. Three plans were introduced under the Rolling plan: 1 For the budget of the present year 2 this plan was for a fixed number of years-- 3,4 or 5 3 Perspective plan for long terms-- 10, 15 or 20 years. Third Five year Plan 1961-1966 Failure. From 1947 to 2017, the Indian economy was premised on the concept of planning. Thus 1996-97 emerged as one of the best years in respect of food-grain production pushing up the overall growth of agricultural production to a record level of 9.

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(PDF) Five­Year Plans of India

8th five year plan of india

Assessment of the consistency factors and efficient channelization of these sources of finance to pull out the growth of the Indian economy was another dimension to the plan. You can also download the list of Five Year Plans, its objectives, and assessments in the form of PDF. The Eleventh Plan completed its term in March 2012 and the Twelfth Plan is currently underway. Sixth Five Year Plan: I. The National Development Council ratified the format of the plan. Yet, Panchayat elections were started. What was the period of the last Five Year Plan of India? Second Five year Plan 1956-1961 It could not be implemented fully due to the shortage of foreign exchange.

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India’s Eighth Five

8th five year plan of india

Targets had to be pruned. To increase the growth rate in agriculture, industry, and services to 4%,10% and 9% resp. The 8th Five Year Plan targeted a GDP growth rate of 5. This plan lags behind its target growth rate of 4. Its duration was 1974 to 1978. This means that if the targets can be amended each year, it would be difficult to achieve the targets and will result in destabilization in the Indian economy.

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