| Five-year Plans Of India |
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The Tenth Plan is currently underway. FIRST PLAN The first five-year plan focussed on Agriculture. During First Five-Year Plan net domestic product went up by 15%.It was due to the fact that the first plan laid foremost priority on agriculture.Per capita income also went by the 8%.Lower increase of per capita income as compared to national income was due the rapid increase in population. SECOND PLAN The second five-year plan focussed on industry, especially heavy industry. Domestic production of industrial products was encouraged, particularly in the development of the Public Sector . THIRD PLAN The planned stress was on agriculture, but due to the Sino-Indian War of 1962 instead of agriculture the focus shifted towards defence and development. China war exposed the weakness of the economy. In 1965 - 66, the Green Revolution was started for the advancement of Indian agriculture. The wars lead to the rise in price in India. Therefore the priority shifted to price stabilization. FOURTH PLAN During the early period of the plan, several droughts affected the economy. Indian Currency was devalued due to rising inflation. Then an annual plan was introduced to resolve immediate problems, but still unemployement and poverty were major problems so this remained the focus of the plan. Another problem rose in 1973 in form of the hike in fuel prices but the focus remained unchanged. FIFTH PLAN 1974-79 Stress on employement poverty removal and justice .Self reliance with respect to agricultural production and defence .During the 4th anfd 5th plan , stress was on ratuinal minimum ; but it was realized that still poverty plagued the nation . In 1978 the newly elected Janta Government rejected the plan. SIXTH PLAN 1978-1983 called the " Janta Government Sixth Five Year Plan " .The new government rejected the "Nehruvian Model" of economy and stressed on village and cottage industries ,natural mobilization of resources, so increase in employment . SEVENTH PLAN 1980-1985 The comeback of Indian National Congress Party into power. the stress was on improving productivity level of industries by upgradation of technology . EIGHTH PLAN 1985-1990 Moderanisation of industies ,gradual opening of economy because of huge deficit and foreign debt. The time period of 1989-91 was a time of political instability for the nation hence no plan was being implemented NINTH PLAN 1997-2002 The target rate of growth during the plan is proposed to be 7%. India should be able to achieve it because sound base for rapid growth has already been laid in the country. TENTH PLAN SEE ALSO
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