What are the main objectives of 5 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 are the main objectives of Five Year Plan?
The main objectives of the Seventh Five-Year Plan were to establish growth in areas of increasing economic productivity, production of food grains, and generating employment through “Social Justice”.
What is the main objective of India planning?
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 is an objective in planning?
Objectives define strategies or implementation steps to attain the identified goals. Unlike goals, objectives are specific, measurable, and have a defined completion date. They are more specific and outline the “who, what, when, where, and how” of reaching the goals.
What are the targets of 12th five year plan?
The aim of the 12th Five Year plan is to achieve “faster, sustainable and more inclusive growth”. For this purpose it seeks to achieve 4% growth in agriculture sector and 10% in manufacturing sector.
What are the main priorities of 12th five year plan?
The government intends to reduce poverty by 10 per cent during the 12th Five-Year Plan. Mr Ahluwalia said, “We aim to reduce poverty estimates by 2 per cent annually on a sustainable basis during the Plan period”.
Were Five Year Plans Successful?
Centralised decision-making under the Five Year Plans was not always the most efficient way to run an economy. However, particular successes were the improved supply of electricity and the greater number of machines built. Almost all heavy industries enjoyed substantial increases in production.
What are the seven main objectives of Indian five year plan?
The following points highlight the seven main objectives of Indian five year plan. They are: 1. High Rate of Growth 2. Raising Investment Income Ratio 3. Social Justice 4. Removal of Poverty 5. Full Employment 6. Self-Reliance 7. Modernization. Objective # 1.
What were the objectives of the Fifth Five Year Plan of 1974-79?
Fifth Five Year Plan of India (1974-79) 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.
What are the objectives of Indian Economic Planning?
Thus, the crucial objective of Indian Planning is the creation of conditions for attaining full employment and the elimination of unemployment, under- employment and disguised unemployment. In fact, full-employment has always remained a major objective of economic planning, specially since Second Five Year Plan.
What was the Third Five Year Plan?
The Third Five Year Plan was a continuation of the previous plan designed to provide India a self generating and self-reliance economy by 1975-76. (a) To secure an increase in national income of over 5 per cent per annum, the pattern of investment being designed so as to sustain this rate of growth during the subsequent plans;