What are the objectives of Five Year Plan in India?

What are the objectives of Five Year Plan in India?

This plan had two main objectives – the removal of property and attainment of self-reliance. This was planned through the promotion of higher growth rates, better income distribution, and also a significant increase in the domestic rate of saving. It also focused on import substitution and export promotion.

What is the Tenth Five Year Plan in India?

2002 to 2007
Tenth Five Year Plan: I. Its duration was from 2002 to 2007, under the leadership of Atal Bihari Vajpayee and Manmohan Singh. II. This plan aimed to double the Per Capita Income of India in the next 10 years.

What are the objectives of Fifth Five Year Plan?

The Fifth Five Year Plan India was chalked out for the period spanning 1974 to 1979 with the objectives of increasing the employment level, reducing poverty, and attaining self-reliance.

Who prepared 10th five year plan?

Minister Atal Behari Vajpayee
The National Development Council (NDC), headed by Prime Minister Atal Behari Vajpayee, approved unanimously in December 2002 the Tenth Five-year Plan, envisaging an 8 percent annual GDP growth.

What are the objectives of 10th five year plan?

The main objectives of the Tenth Five-Year Plan: Attain 8% GDP growth per year. Reduction of poverty rate by 5% by 2007. Providing gainful and high-quality employment at least to the addition to the labour force.

What was the main focus of the first Five Year Plan Class 10?

First Five-Year Plan in India With the Partition as backdrop, the country reeling with the influx of refugees, severe food shortage and mounting inflation, the First Five-Year Plan was introduced in 1951. It focused primarily on the development of the primary sector, specifically agriculture and irrigation.

What are the objectives of 10th five-year plan?

What were the main objectives of the plan?

Here we detail about the six major objectives of planning in India, i.e., (a) Economic Growth, (b) Attaining Economic Equality and Social Justice, (c) Achieving Full Employment, (d) Attaining Economic Self-Reliance, (e) Modernisation of Various Sectors, and (f) Redressing Imbalances in the Economy.

What are the main objectives of Indian planning?

Top 6 Major Objectives of Planning in India

  • (a) Economic Growth:
  • (b) Attaining Economic Equality and Social Justice:
  • (c) Achieving Full Employment:
  • (d) Attaining Economic Self-Reliance:
  • (e) Modernisation of Various Sectors:
  • (f) Redressing Imbalances in the Economy:

Who is the father of Indian planning?

Father of Indian Economic Planning is Sir M. Vishweshwaraiah. Sir M Visvesvaraya, popularly known as Sir MV, was an engineer, statesman, and a scholar.

What are the objectives of the Tenth Five Year Plan Class 9?

(i)The Tenth Five Year Plan endeavoured to increase the enrolment in higher education of the 18-23 year age group from the present 6-9 percent, by the end of the plan period. (ii)The Tenth Five Year Plan also focuses on distant education, convergence of formal, non-formal, distant and IT education institutions.

What is the 10th Five Year Plan India?

The Tenth Five Year Plan India (2002-2007) aims to transform the country into the fastest growing economy of the world and targets an annual economic growth of 10%. This was decided after India registered a 7% GDP growth consistently over the last decade.

What were the objectives of these five-year plans?

The objectives of these five-year plans were as follows: 1 Economic Growth 2 Economic Equity and Social Justice 3 Full Employment 4 Economic Self-Reliance 5 Modernisation

What are the objectives of Economic Planning in India?

Economic planning in India started after independence in the year 1950 when it was deemed necessary for economic growth and development of the nation. High Growth rate to improve the living standard of the residents of India. Economic stability for prosperity. Self-reliant economy.

What is 10th Five-Year Plan (2002-07)?

Tenth Five-Year Plan (2002-07) of India! The National Development Council (NDC), headed by Prime Minister Atal Behari Vajpayee, approved unanimously in December 2002 the Tenth Five-year Plan, envisaging an 8 percent annual GDP growth. The NDC decided to constitute four sub-committees to remove trade and investment barriers and improve governance.

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