Tuesday, July 8, 2014

Five Year Plans of India and their Models

After independence, India's condition was not good. First of all, Planning commission was launched which brought the concept of "Five-Year Plans". Prime Minister is the ex-officio chairman of planning commission. The twelfth plan is currently underway.

Five Year Plans of India and their Models

Five year Plan
Period
Target Growth Rate of GDP(in %)
Achievement(in %)
Model
First Plan
1951 – 56
2.1
3.6
Harrod-Domar Model
Second Plan
1956 – 61
4.5
4.1
Prof. P. C. Mahalanobis model
Third Plan
1961- 66
5.6
2.8
Sukhmoy Chakraborty and Prof. Saddy
Fourth Plan
1969 – 74
5.7
3.3
Ashok Rudra and Alon S. Manney
Fifth Plan
1974 – 79
4.4
4.8
Alike Fourth Five Year Plan which is called “Investment Model of Planning Commission”.
Sixth Plan
1980 – 85
5.2
5.7
Based on Investment Yojana, Infrastructural changing and trend to growth model.
Seventh Plan
1985 – 90
5.0
6.0
Alike Sixth Five-Year plan prepared by Pranav Mukherjee
Eighth Plan
1992 -97
5.6
6.8
John W. Miller Model
Ninth Plan
1997 – 02
6.5
5.4
Created by “Planning Commission”
Tenth Plan
2002- 07
8.0
7.2
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Eleventh Plan
2007 -12
9.0
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Prepared by Prof. C. Rangarajan
Twelfth Plan
2012 - 2019
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C. Rangarajan



Complete Details about Different Five Year Plans of India

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