Five Year Plans Years Assessment Objective

First Five year Plan 1951- 1956 Targets and objectives more or less achieved. With an Rehabilitation of refugees, rapid agricultural
active role of the state in all economic sectors. Five Indian development to achieve food
Institutes of Technology (IITs) were started as major self-sufficiency in the shortest possible
technical institutions. time and control of inflation.

Second Five year Plan 1956-1961 It could not be implemented fully due to the shortage of The Nehru-Mahalanobis model was
foreign exchange. Targets had to be pruned. Yet, adopted.‘Rapid industrialisation with
Hydroelectric power projects and five steel mills at Bhilai, particular emphasis on the development of
Durgapur, and Rourkela were established. basic and heavy industries Industrial Policy
of 1956 accepted the establishment of a
socialistic pattern of society as the goal of
economic policy.

Third Five year Plan 1961-1966 Failure. Wars and droughts. Yet, Panchayat elections were ‘establishment of a self-reliant and
started.• State electricity boards and state secondary self-generating economy’
education boards were formed.
Plan Holidays – Annual 1966-1969 A new agricultural strategy was implemented. It involved crisis in agriculture and serious food
Plans the distribution of high-yielding varieties of seeds, shortage required attention
extensive use of fertilizers, exploitation of irrigation
potential and soil conservation measures.

Fourth Five year Plan 1969-1974 Was ambitious. Failure. Achieved growth of 3.5 percent ‘growth with stability’ and progressive
but was marred by Inflation. The Indira Gandhi achievement of self-reliance Garibi
government nationalized 14 major Indian banks and the HataoTarget: 5.5 pc
Green Revolution in India advanced agriculture.

Fifth Five year Plan 1974-1979 High inflation. Was terminated by the Janta govt. Yet, the ‘removal of poverty and attainment of
Indian national highway system was introduced for the self-reliance’
first time.

Sixth Five year Plan 1980-1985 Most targets achieved. Growth: 5.5 pc.Family planning ‘direct attack on the problem of poverty by
was also expanded in order to prevent overpopulation. creating conditions of an expanding
economy’

Seventh Five year Plan 1985-1990 With a growth rate of 6 pc, this plan was proved Emphasis on policies and programs that
successful in spite of severe drought conditions for the would accelerate the growth in foodgrains
first three years consecutively. This plan introduced production, increase employment
 programs like Jawahar Rozgar Yojana. opportunities and raise productivity

Annual Plans 1989-1991 It was the beginning of privatization and liberalization in No plan due to political uncertainties
India.

Eighth Five year Plan 1992-1997 Partly success. An average annual growth rate of 6.78% Rapid economic growth, high growth of
against the target 5.6% was achieved. agriculture and allied sector, and the
manufacturing sector, growth in exports
and imports, improvement in trade and
current account deficit. to undertake an
annual average growth of 5.6%

Ninth Five year Plan 1997-2002 It achieved a GDP growth rate of 5.4%, lower than the Quality of life, generation of productive
target. Yet, industrial growth was 4.5% which was higher employment, regional balance and
than targeted 3%. The service industry had a growth rate self-reliance.Growth with social justice and
of 7.8%. An average annual growth rate of 6.7% was equality. growth target 6.5%
reached.

Tenth Five year Plan 2002 –2007 It was successful in reducing the poverty ratio by 5%, To achieve 8% GDP growth rate,Reduce
increasing forest cover to 25%, increasing literacy rates to poverty by 5 points and increase the
 75 % and the economic growth of the country over 8%. literacy rate in the country.

Eleventh Five year Plan 2007-2012 India has recorded an average annual economic growth Rapid and inclusive growth.Empowerment
rate of 8%, farm sector grew at an average rate of 3.7% as through education and skill development.
against 4% targeted. The industry grew with an annual Reduction of gender
average growth of 7.2% against 10% targeted. inequality.Environmental sustainability.

To increase the growth rate in agriculture,

industry, and services to 4%,10% and 9%
resp. Provide clean drinking water for all by
2009.

Twelfth Five year Plan 2012-2017 Its growth rate target was 8%. “faster, sustainable and more inclusive
growth”. Raising agriculture output to 4
percent. Manufacturing sector growth to 10
%

The target of adding over 88,000 MW of

power generation capacity.