Objectives of India's Five-Year Plans

Objectives of India's Five-Year Plans If we have a look at the Indian plans, it will give the reader a concrete idea of what the objectives of planning generally are in under-developed countries. India's First Five-Year Plan sought simply to s

Objectives of India's Five-Year Plans

 If we have a glance at the India’s five year plans, it will give the reader an actual plan of what the objects of planning normally are in developing economies.

 

India's First Five-Year Plan wanted basically to place the phase for growth apposite. With that point in mind it attempted to deal with the urgent and instantaneous troubles of food deficiency and of deficiency of necessary raw substances like cotton and jute, analysis of the war-worn transportation arrangement, the analysis of immigrants, etc. Agriculture together with irrigation was known as the pride of nation.

The Second Plan had the below underlined objectives: (a) a extensive boost in state income so as to lift the standards of living in the nation, (b) fast industrialization with importance on the growth of essential and heavy industries, (c) a large growth of employment prospects, and (d) decrease of disparities of revenue and wealth and more even allocation of financial power.

The objectives of the Third Plan were: (a) to obtain an annual boost in state revenue of in excess of 5 %; (b) to attain self adequacy in food grains and to amplify agricultural manufacture to gather the necessities of exports and industry ; (c) to develop essential industries in order to meet the obligations of additional industrialization; (d) to use to the fullest potential amount the man-power sources of the nation and to make sure considerable development in employment prospects; and (e) to institute increasingly better parity of prospect and to fetch about decrease in differences in wealth and income and a more smooth allocation of monetary control.

The Fourth Plan sought to avoid inflation, improve people's consumption standard, reduce economic and social disparities, to provide avenues of employment to all who seek them, and to accelerate the tempo of development to ensure quicker progress towards self-reliance. It aimed at an overall rate of not less than 6 per cent per annum.

 

The Fifth Plan. The two broad objectives were (a) reduction of poverty, and (b) achievement of self-reliance. The plan programmes were designed to raise the levels of consumption of the lowest 30 per cent of the population. It also aimed at meeting the foreign exchange requirements, other than debt service charges, from the country's own resources.

The Sixth Plan (1980-85). Its principal objectives were: (a) significant step-up in the rate of growth of the economy; (b) achievement of economic and technological self-reliance; (c) progressive reduction in poverty and unemployment, (d) speedy development of indigenous sources of energy, (e) Minimum needs Programme to improve the quality of life of the people, especially of the economically and socially back war sections, (f) progressive reduction in inequalities of income and wealth and of regional inequalities, (g) checking population growth, (h) protecting and improving ecological and environmental assets.

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john doe
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Posted on Feb 25, 2012