Five Year Plans of India : The Indian government developed a series of strategic plans known as the Five-Year Plans in an effort to promote industrialization and general economic progress. These plans were started in 1951, not long after India gained independence from British colonial rule, and they continued until 2017. The main objective was to steer the nation's economic development in the direction of sustainable growth and prosperity by carefully defined policies and targeted measures spread out over five-year intervals.
[ez-toc]List of Five Year Plans of India | |||
Five Year Plan | Time Period | Salient Features | Achievements |
First Plan | 1951-1956 | Focused on agriculture, power, and irrigation. Targeted a 2.1% increase in national income. Total outlay of Rs. 2069 crore. Aimed to increase food production and improve the standard of living for the poor. | Increased agricultural production, establishment of Bhilai Steel Plant and Damodar Valley Corporation, establishment of Indian Institutes of Technology (IITs). |
Second Plan | 1956-1961 | Emphasis on industrialization. Targeted a 25% increase in national income. Total outlay of Rs. 4,800 crore. Set up the Planning Commission to oversee and implement the plan. | Established public sector enterprises (HMT, SAIL, ONGC), Green Revolution in agriculture. |
Third Plan | 1961-1966 | Continued focus on industrialization, with more emphasis on self-sufficiency. Targeted a 5.6% increase in national income. Total outlay of Rs. 9,475 crore. Introduced the concept of "import substitution" to reduce dependence on foreign goods. | Establishment of major steel plants at Bokaro and Rourkela, expansion of the railway network, introduction of high-yielding varieties of wheat and rice. |
Fourth Plan | 1969-1974 | Focus on agriculture, employment, and poverty alleviation. Targeted a 5.7% increase in national income. Total outlay of Rs. 22,227 crore. Introduced the Green Revolution to increase food production. | Increase in food grain production, establishment of NDDB, launch of Family Planning Programme. |
Fifth Plan | 1974-1979 | Emphasis on poverty alleviation, self-reliance, and social justice. Targeted a 4.4% increase in national income. Total outlay of Rs. 46,000 crore. Introduced the Twenty Point Programme. | Establishment of Rural Electrification Corporation, launch of Employment Guarantee Scheme, establishment of NABARD. |
Sixth Plan | 1980-1985 | Continued focus on poverty alleviation and self-reliance. Targeted a 5.2% increase in national income. Total outlay of Rs. 144,500 crore. Introduced measures to control population growth and improve education and health services. | Focus on rural development and poverty alleviation, establishment of SFDA, establishment of Rashtriya Mahila Kosh. |
Seventh Plan | 1985-1990 | Focus on improving productivity and modernizing industries. Targeted a 5% increase in national income. Total outlay of Rs. 487,000 crore. Introduced the concept of "appropriate technology". | Launch of Jawahar Rozgar Yojana, establishment of Technology Development Board, initiation of National River Conservation Plan. |
Eighth Plan | 1992-1997 | Emphasis on liberalization and globalization of the Indian economy. Targeted a 6.5% increase in national income. Total outlay of Rs. 825,000 crore. Introduced economic reforms. | Launch of economic reforms and liberalization, establishment of SEBI, establishment of National Renewal Fund. |
Ninth Plan | 1997-2002 | Focus on human development, poverty alleviation, and infrastructure development. Targeted a 7% increase in national income. Total outlay of Rs. 1,62,759 crore. Introduced Sarva Shiksha Abhiyan. | Focus on infrastructure development, establishment of NHAI, launch of National Programme of Mid-Day Meals in Schools. |
Tenth Plan | 2002-2007 | Emphasis on inclusive growth, employment generation, and rural development. Targeted an 8% increase in national income. Total outlay of Rs. 8,77,000 crore. Introduced NREGA. | Launch of Sarva Shiksha Abhiyan, establishment of NREGA, increase in foreign direct investment. |
Eleventh Plan | 2007-2012 | Focus on inclusive growth, infrastructure development, and environmental sustainability. Targeted a 9% increase in national income. Total outlay of Rs. 36,44,000 crore. Introduced National Skill Development Mission. | Establishment of UIDAI, launch of National Solar Mission, expansion of National Rural Health Mission. |
Twelfth Plan | 2012-2017 | Focus on faster, more inclusive, and sustainable growth. Targeted an annual average GDP growth rate of 8%. Total outlay of Rs. 55,00,000 crore. Emphasized social and economic reforms, including GST and DBT. | Establishment of GST, launch of National Skill Development Mission, launch of Pradhan Mantri Jan Dhan Yojana. |