Professional Documents
Culture Documents
Outlay: Second plan proposed a total public sector outlay of Rs. 4800 crores
though actual outlay was only Rs. 4672 crore.
Out of this total, provision of Rs. 560 crore was made for agriculture and community
development, Rs. 913 crore for irrigation and power, Rs. 890 crore for industry and
mining, Rs. 1385 crore for transport and communication, Rs. 945 crore for social
services and Rs. 99 crore for the miscellaneous category.
Objectives:
To increase by 25% the national income
To make the country more industrialized
To increase employment opportunities
Achievements
3 steel plants in Jamshedpur, Durgapur, and Bhilai had been established
More railway lines were added in the north-east part of the country.
The national income of India increased and the per capita income increased by
8%.
Food production increased by 15% from 67 million tonnes (MT) to 75 million
tonnes.
Around 9.5 million jobs were created during the plan period.
Problems Faced
The population growth rate was more than 2% per annum.
Persistent rise in prices.
Drawbacks in administrative control.
3rd Five Year Plan
Outlay:
The total proposed outlay for the Third Plan was Rs. 11,600 crore, of which Rs. 7,500
crore was for the public sector.
Agriculture and irrigation were given the highest priority with 25% of the total
investment of Rs. 6,625.4 crore allocated to them, 23% of the total investment was
made in the Industrial Sector
Objectives:
To increase the national income by 5% per year
To increase the production of agriculture so that the nation is self sufficient in food
grains
To provide employment opportunities for every citizen of the country
To establish equality among all the people of the country
State electricity
Achievements boards and state secondary education boards were formed.
State road transportation corporations were formed.
Fertilizers and Cement plants were established across the country.
Laid emphasis on soil conservation, irrigation, afforestation.
Decentralisation of power to states.
Problems Faced:
There was a fall in agricultural production from 82 MT to 72 MT.
Gross Domestic Product rate during this duration was lower at 2.7%
EIGHTH FIVE YEAR PLAN (1992-
97)
AREA COVERED
The objective was to modernised the industrial sector.
The plan focused on technical development.
To generate full scale employment.
At this time Dr. Manmohan Singh (later Prime Minister of India)
launched India's free market reforms that brought the nearly
bankrupt nation back from the edge. It was the beginning of
liberalization, privatisation and globalization (LPG) in India.
To encourage growth and diversification of agriculture.
To strengthen the infrastructural facilities.
Something about Agriculture during
this period:
Agriculture happens to be the largest contributor to the GDP of India.
Two third of the work force was dependent on Agriculture.
Industries made good use of Agricultural produce in their production
process.
Self sufficiency in agricultural production was a top priority during this
plan.
TARGETS:
The target growth rate was 5.6% and the actual growth rate was 6.8%.
To achieve the target of an average of 5.6% per annum, investment of
23.2% of the gross domestic product was required.
ACHIEVEMENTS
TARGETS:
The target growth was 7.1% and the actual growth was 6.8%.
The Ninth Five-Year Plan achieved a GDP growth rate of 5.4% against a target of
6.5%
ACHIEVEMENTS
SECTOR %OUTLAY
AGRICULTURE 6.28
RURAL 11.19
DEVELOPMENT
IRRIGATION & FOOD 19.10
CONTROL
ENERGY 21.39
INDUSTRY&MINNING 0.79
TRANSPORT 5.26
SCIENCE,TECHNOLO 0.23
GY&ENVIRONMENT
GENERAL ECONOMIC 2.81
SERVICES
SOCIAL SERVICES 29.68
ACHEIVEMENTS
AGRICULTURE 1818.21
ENERGY 8196.95
INDUSTRY&MINERALS 550.88
ACHEIVEMENTS
India recorded economic growth of 8 %
Service sector grew at 9.7% per annum