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 

Disadvantages

development of only a few industries private industry had not developed

Second Five Year Plan(1956-1961)

OBJECTIVES 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

ACHIEVEMENTS

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

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

OBJECTIVES 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

Third Five Year Plan (1961-1966)

ACHIEVEMENTS Decentralization Organizations formed Panchayat Zila Parishads

Laid emphasis on oil conservation irrigation Afforestation dry farming Many fertilizer  and cement plants

were built Green Revolution

PMsJawaharlal NehruGulzarilal Nanda

Lal Bahadur Shastri

Problems faced

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

4th Five Year Plan(1969 to 1974)

OBJECTIVES 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

ACHIEVEMENTS 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 

problems

a 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 Plan 1974 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 faced

The 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 Plan 1980 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 faced

 During 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 Plan 1985 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

Problems

1989-91 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 Plan 1992 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

ACHIEVEMENTS  A combined effort of public,

private, and all levels of government

ensured the growth of India's economy.

Service sector showed fast growth rate

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