In 1950-51, per capita income at 1993-94 prices was Rs. The Indian national highway system was introduced for the first time and many roads were widened to accommodate the increasing traffic. In India 26% of population still lives much below the poverty line. Short-term objectives : Besides these long-term objectives, each five year plan in India has had some short-term objectives. The plan attempted to determine the optimal allocation of investment between productive sectors in order to maximise long-run economic growth. But all Plans may not give equal importance to all of them.
Thus, under pressure, the country took the risk of reforming the socialist economy. Each Plan can have some specific goals like improvement of agriculture. However, use of chemical fertilizer, better seeds, irrigation and improved methods of cultivation has increased productivity per hectare and per worker many times. The plan followed the , an model developed by the Indian in 1953. State road transportation corporations were formed and local road building became a state responsibility. Hence agriculture was given due importance.
During the Ninth Plan period, the growth rate was 5. The plan aims towards the betterment of the infrastructural projects of the nation avoiding all types of bottlenecks. But the plan witnessed only increase in inequality. This was due to increased production, particularly in the agricultural sector. Earlier, addressing a conference of State Planning Boards and Planning departments, he said the rate of decline in poverty doubled during the 11th Plan. The eleventh plan recognizes the need for Child protection programmes and initiatives. In reality, the development is so fast that India stands third in the world in the sphere of science and technology.
In 1978 the newly elected Morarji Desai government rejected the plan. In addition, the situation in East Pakistan now independent Bangladesh was becoming dire as the Indo-Pakistani War of 1971 and Bangladesh Liberation War took place. With the Prime Minister as the ex officia Chairman, the commission has a nominated Deputy Chairman, who has rank of a Cabinet minister. Industrial Development The Real Growth and Industrial Development in India started during the period of five-year plans. I think given that the world economy deteriorated very sharply over the last year.
In other words, it means zero foreign aid. These goals were to be accomplished by expanding existing scheme such as , universal immunization, Sarva Shiksha Abhiyan, etc. Kolar mines are situated in 1 Karnataka 2 A. Even after 55 years of planning, poverty alleviation programme has not met with much success. The target growth rate was 5. In the last 22 years employment opportunities have increase by 2. Ninth Five Year Plan of India runs had the main aim of attaining objectives like speedy industrialization, human development, full-scale employment, poverty reduction, and self-reliance on domestic resources.
Thus, this period is considered crucial for Indian agriculture as the green revolution took place during this period and the Government set up Agricultural Prices Commission to assure minimum support prices to farmers and the Food Corporation of India for maintaining buffer-stock to overcome fluctuation in the supplies of food grains and their prices. This plan was again rejected by the government in 1980 and a new Sixth Plan was made. The 1st five year plan was presented by Jawaharlal Nehru, who was the Prime Minister during that period. No doubt India has made an important advance in certain important directions. But modernisation will definitely arrest the employment generation activities.
Many cement and fertilizer plants were also built. Moreover, the economic condition of India worsened during this time. Increase in unemployment: During the period of five year plans, unemployment went on rising. The first five year plan 1951-56 identified health, nutrition and education as major areas of concern with regard to children. These workers were also granted fund for experimenting and undergoing training in agricultural know how in various cooperative institutions. The primary aim of the five year plan was to upgrade the industrial sector and enable India to establish itself as one of the developed countries of the world. In other words, unlike other objectives, the goal of self-reliance still remains partly unfulfilled.
There are four key areas the plan address: , Early Childhood Education, Girl child and Child Protection. The sixth plan also marked the beginning of economic liberalization. The Fourth Plan 1967-73 aimed at the elimination of import of food-grains under P. Priority should have been given to the development of agriculture in all the plans, but it was not done. The economy of India is based on planning through its five-year plans, developed, executed and monitored by the Planning Commission. But almost all the plans witnessed considerable rise in price-level.
Objective of the Five Year Plan The objective of the 7th Five Year Plan was to generate more scope of employment for the people of India, to produce more in terms of food which would lead to an overall increase in productivity. The policy of liberalization was adopted for the investment of foreign multinationals. The plan also focused on in agricultural production and defence. Three annual plans were drawn during this intervening period. The plan assumed a closed economy in which the main trading activity would be centered on importing capital goods.
In 1950-51, the rate of capital formation was 11. Most communist states and several capitalist countries subsequently have adopted them. The objective of removal of poverty got its clear-cut enunciation only in that Plan for the first time. Agricultural sector was hit hardest by partition and needed urgent attention. The total outlay of the 1st five year plan was worth Rs.