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India’s Five-Year Plans Since 1947 to 2017: A Comprehensive List

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• Posted on 15/10/2023

Comprehensive List of India’s Five-Year Plans Since 1947 to 2017

List of India’s Five-Year Plans Since 1947:- “Dive into India’s economic evolution over the decades with our extensive compilation of ‘Five-Year Plans since 1947.’ This comprehensive guide provides a detailed overview of India’s meticulously structured development strategies, highlighting the key objectives, achievements, and significant milestones of each plan. Whether you’re a student, researcher, or simply curious about India’s economic history, this resource serves as an invaluable reference to grasp the nation’s journey towards growth and progress.”

A brief Knowledge About Five Year Plan

1st Five Year Plan 1951-56

The 1st Five Year Plan (1951-56) marked India’s transition to a planned economy, focusing on industrialization, agriculture, and infrastructure development, laying the foundation for future growth and development.

• 1. Priority giving to Agriculture and Irrigation.
• 2. “Harrod Domar” growth model adopted.
• 3. This is the only plan in which Prices Fell.

2nd Five Year Plan 1956-61:-

The 2nd Five Year Plan (1956-61) emphasized industrialization, particularly in heavy industries and power generation. It aimed to reduce poverty and regional disparities, fostering economic growth in India.

• 1. PC Mahalanobis prepared this Plan. Priority given to basic and heavy industries.
  2. Bhilai, Rourkela and Durgapur Steel Plants, ONGC, Ranchi Heavy Engg. Corporation, Neyveli Lignite Corporation, Multi-purpose projects – Nagarjuna Sagar, Bhakra Nangal, Hirakud started during this Plan.
  3. Deficit financing started in this plan.
  4. “Socialist pattern of society” is accepted as a goal.

Fundamental Duties

3rd Five Year Plan 1961-66

The 3rd Five Year Plan (1961-66) in India focused on achieving self-reliance through investments in agriculture, technology, and social welfare programs, paving the way for further economic development.

• This plan was a failure. Food output fell, i.e., became negative.
• Bokaro Steel Plant in 1964.
• Sever drought in 100 years, occurred in 1965-66.
• China’s and Pakistan’s innovations.
• Rupee devalued in June 1966 (devaluation was first done in 1949).
• DURING 1966-69: THREE ANNUAL PLANS, PLAN HOLIDAY
• Green Revolution in 1966 Kharif.
• 14 Banks nationalized in July 1969

4th Five Year Plan 1969-74:

The 4th Five Year Plan (1969-74) aimed to address poverty, unemployment, and regional disparities in India. It emphasized agricultural development and self-sufficiency in food production.

• Poverty Removal, Growth with stability with distributive justice, self-reliance
• Gadgil Formula : It was followed since 4th plan for central assistance for state plans. This formula was modified by NDC in Dec. 1991 when Pranab Mukherjee was the Chairman of Planning Commission. Hence, it became Gadgil -Mukherjee formula since 8th Plan : “Planning from below” ·started from 4th Plan.
• “Garibi Hatao” slogan in 1971 Elections
• Privy purses were abolished in 4th Plan

5th Five Year Plan 1974-79:

The 5th Five Year Plan (1974-79) prioritized poverty alleviation, employment generation, and social justice in India. It aimed to achieve equitable growth and reduce income disparities.

• 1. Poverty removal became distinct objective for the first time.
• 2. DP Dhar drafted.
• 3. “Minimum Needs Programme” launched.
• 4. Command Area Development Programme was started in 1974-75 to utilise water in major and medium irrigation projects in an optimum manner.
• 5. Oil crisis : 1973 Sept.
• 6. 20 point programme replaced 5th plan discontinued 1 year in advance.

6th Five Year Plan 1978-83

The 6th Five Year Plan (1978-83) focused on balanced regional development, increased agricultural production, and infrastructure development in India, with a goal of improving living standards for all citizens.

• Proposed by Janata Party but it was defeated in elections and could implement Rolling Plan for 2 years for 1978-80. Prof. DT Lakdawala was the Dy. Chairman, Planning Commission.
• The idea “Rolling Plan” was taken from Japan.
• “Rolling Plan” concept coined by Gunnar Myrdal.
• “Hindu rate of Growth” crossed from 5th plan. This concept was coined by Prof. Raj Krishna (Growth Rate 3% to 3.5%).
  6th Plan Aim 1980-85
• Poverty eradication.
• IRDP, TRYSEM, NREP launched during this Plan.
• Visakhapatnam Steel Plant (Andhra Pradesh), Salem (TamilNadu) Bhadravathi Steel Plants were built.

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7th Five Year Plan 1985-90

The 7th Five Year Plan (1985-90) aimed at modernizing Indian industries, enhancing agricultural productivity, and addressing social issues like education and healthcare, promoting overall economic development and social welfare.

• 1. Food, Work, Productivity, “Jawahar Rozgar Yojana”launched in April 1989’.
• 2. Vakil and Brahmananda’s wage good strategy adopted in the 7th Plan.

8th Five Year Plan 1992-97

The 8th Five Year Plan (1992-97) prioritized economic liberalization, privatization, and globalization, fostering rapid industrial and infrastructural growth in India, and emphasizing social sector reforms for inclusive development.

• Indicative planning : Based on the model of John.W.Muller.
• This plan achieved highest growth rate of 6.8%.
• “Indicative planning” implemented first in France in 1947–50.

9th Five Year Plan 1997-2002

The 9th Five Year Plan (1997-2002) aimed to achieve sustainable development in India, emphasizing education, healthcare, and infrastructure while addressing poverty, gender issues, and environmental concerns.

• 1. Human resources development, growth with social justice and equality agricultural rural development, important role to private sector.

10th Five Year Plan 2002-07:

The 10th Five Year Plan (2002-07) focused on inclusive growth, improving human development indicators, infrastructure development, and boosting agriculture and manufacturing sectors to drive India’s economic progress.

• 1. Growth rate target 87%, achieved 7.8%
• 2. Highest in the entire planning era : 5 crore employment, largest allocation to energy.

11th Five Year Plan 2007-12

The 11th Five Year Plan (2007-12) in India emphasized inclusive growth, infrastructure development, and social sector reforms, aiming to reduce poverty and improve the quality of life for all citizens.

• Theme : “Faster and more Inclusive Growth”
• Total proposed outlay : ` 36,44,718 Crores (doubled)
• Union Government ` 21,56,571 Crores (59.2%).
• States ` 14,88,147 Crores (40.8%).
• Approach paper to 11th Plan approved by the Planning Commission on 18-10-2006.
• 52nd National Development Council approved the Draft Plan on 09-12-2006.
  ·54th National Development Council approved in its meeting on 19-12-2007
  ·55th National Development council meet held on 24-07-2010.
• Central Gross Budgetary Support. ` 14,21,711 Crores.
• This is centre’s support to plan.
• Midterm Review of the 11th plan is done by Planning Commission on 23-03-2010, and the 11th plan growth target is reduced from 9% to 8.1%. (It projects the growth rate for 20-09-10, 20-10-11, 20-11-12 as 7.2%, 8.5% and 9% respectively. Also to increase the outlay on infrastructure sector from the present $ 500 billion in 11th Plan to $ 1 Trillion in 12th Plan).

12th Five Year Plan 2012-17

The 12th Five Year Plan (2012-17) in India prioritized sustainable and inclusive growth, focusing on infrastructure development, education, healthcare, and skill development to enhance the nation’s socio-economic progress.

• 1. This plan’s focus is on instilling “inclusive growth”.
• 2. The plan is concentrated to encourages the development of India’s agriculture, education, health and social welfare through government spending.
• 3. It is also expected to create employment through developing India’s manufacturing sector and move the nation higher up the value chain.
• 4. Our PM Narendra Modi, however, warned that maintaining fiscal discipline is important as well.

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