History of Planning in India & Origin of Five Year Plans: Though the . widening budget deficits, recession in industry and inflation were the key issues. Table. No. Contents. Page. FIVE YEAR PLAN. Five Year Plans - Total Outlay and Expenditure. Plan Expenditure - State Schemes. From to , the Indian economy was premised on the concept of planning. This was . The First Plan was for the present year which comprised the annual budget and the Second was a plan for a fixed number of .. "A Background Note on Gadgil Formula for distribution of Central Assistance for State Plans" (PDF).
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Macro-Modelling for the Eleventh Five Year Plan of India Appendix: Mathematical Models used in Indian Five Year Plans .. this in mind the Parliament has passed the Fiscal Responsibility and Budget Management ( FRBM) Act. The 11th. and implementing 5 year plans. This also During the 1st five year plan ( ) the government included the scheme of of the social education budget. The concept of economic planning in India is derived from the Russia (then USSR). India has launched 12 five year plans so far. First five year.
There were two main objective of this plan i. This plan failed and could achieve growth rate of 3. Fifth Five Year Plan: I.
Its duration was to In this plan top priority was given to agriculture, next came to industry and mines. Overall this plan was successful which achieved the growth of 4. The draft of this plan was prepared and launched by the D. This plan was terminated in Rolling Plan: This plan was started with an annual plan for and as a continuation of the terminated fifth year plan.
Sixth Five Year Plan: I.
The basic objective of this plan was poverty eradication and technological self reliance. It was based on investment yojna, infrastructural changing and trend to growth model. Its growth target was 5. Seventh Five Year Plan: I.
Objectives of this plan include the establishment of the self sufficient economy, opportunities for productive employment. For the first time the private sector got the priority over public sector. Annual Plans: Eighth five Plan could not take place due to volatile political situation at the centre. Eighth Five Year Plan: I. In this plan the top priority was given to development of the human resources i. Duing this plan Narasimha Rao Govt. This plan was successful and got annual growth rate of 6.
Ninth Five Year Plan: I. It was launched in the 50th year of independence of India.
Tenth Five Year Plan: I. This plan aims to double the per capita income of India in the next 10 years. Its growth target was 8.
Eleventh Five Year Plan: I. It was prepared by the C. Its growth rate target was 8. Twelfth Five Year Plan: I.
Its duration is from to Introduction to the Third Five Year Plan 2. Objectives of the Third Five Year Plan 3. Outlay 4. Priorities of the Third Five Year Plan 5. Financing 6.
Progress 7. Critical Assessment. Introduction to the Third Five Year Plan: The circumstances in which the preparation of the Third Five Year Plan began were different from those which had attended the birth of the Second.
There was a financial crisis, a foreign exchange crisis, and a food crisis. The final version of the Plan received the approval of the Parliament on 31 August, , although it came into force with retrospective effect from the 1st of April, Of this, Rs. Actual expenditure in the public sector, however, amounted to Rs. The third place was occupied by agriculture, including irrigation and community development.
Although the priority accorded to agriculture was the same as in the Second Plan Percentage expenditure on social services remained more or less the same at The Government was thus able to raise Rs. Of this amount of Rs. This impressive increase was the result of intensification of resource-mobilisation in the country. Loans were taken on a larger scale. As regards deficit-financing, its amount was actually double of that originally provided although its percentage share declined from This was really unfortunate in view of the inflationary situation which had already developed in the country.
The first was the Sino-Indian conflict and then, towards the concluding stage of the plan, came the Indo-Pakistan hostilities. As if to make a bad situation worse, while the foreign aid was suspended, the rain gods also failed the country in — Thus, the vagaries of monsoons dis-organised our agriculture and vagaries of external assistance dis-organised industry.
Inflation and mounting costs further complicated the situation. This meagre growth rate of 2. Agriculture: Agricultural output during the Third Plan followed an erratic trend. After relative stagnation in the first three years, there was a bumper crop in when the output of practically all crops reached record levels. However, the last year, , witnessed a steep fall in production on account of an unprecedented drought when the index of agricultural production declined from in to in In the Second Plan, there was a similar increase of Production of food-grains alone went down by Consequently, the per capita availability of cereals fell from 14 ounces to The production of other agricultural commodities such as oil-seeds, raw-cotton, and jute also declined.
The decline in agricultural production was also reflected in its share of the national income which came down from The fall in the growth rate of agricultural production not only depressed the rate of growth of the economy but also led to an alarming increase in the dependence on imports of food grains and other agricultural commodities.
During the Third Plan, the country imported 25 million tons of food grains, 3.
This dismal performance notwithstanding, the Third Plan marked the beginning of the new agricultural strategy. However, now the emphasis was on intensive cultivation. The distribution of fertilizers was more than doubled in the five years to While these programmes were concerned with the promotion of intensive agriculture, they operated within the limitations set by existing crop varieties which had relatively low response to fertilizers.
A major change occurred with the introduction of the high yielding varieties.