List of Five Years Plan of India with History and Facts

Five-Year Plans of India:

The Indian economy was premised on the concept of planning from 1947 to 2017. This was carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission (1951 – 2014) and the NITI Aayog (2015 – 2017). With the Prime Minister as the ex-officio Chairman, the commission has a nominated Deputy Chairman, who holds the rank of a Cabinet Minister. Montek Singh Ahluwalia is the last Deputy Chairman of the Commission (resigned on 26 May 2014). The Eleventh Plan completed its term in March 2012 and the Twelfth Plan is currently underway.[1] Prior to the Fourth Plan, the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism, which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then to determine the allocation of central assistance for state plans.[2] The new government led by Narendra Modi, elected in 2014, has announced the dissolution of the Planning Commission, and its replacement by a think tank called the NITI Aayog (an acronym for National Institution for Transforming India).

List of Economic Planning in India (Five Years Plans in India):

Five Year Plans During Time Primary Sector Target Rate Growth rate
First Plan 1951-56 Agriculture, Electricity, irriation 2.1 3.6
Second plan 1956-61 Full Industry 4.5 4.2
Third Plan 19961-66 Food, Industry 5.6 2.8
Fourth Plan 1969-74 Agriculture 5.7 3.2
Fifth Plan 1974-79 Poverty Alleviation, Economic self-sufficiency 4.4 5
Sixth Plan 1980-85 Agriculture, Industry 5.2 5.5
Seventh Plan 1985-90 Energy, Food 5 6
Eigth Plan 1992-97 Human Source, Education 5.6 6.6
Ninth Plan 1997-02 Social Justice 6.5 5.4
Tenth Plan 2002-07 Employment, Energy 8.1 7.6
Eleventh Plan 2007-12 Inclusive Development 8 7.9
Twelvth Plan 2012-17 Quick, continuous and Inclusice Development 8
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