Five-Year plans of India - Wikipedia, the free encyclopedia

Five-Year plans of India - Wikipedia, the free encyclopedia

The economy of India is based in part on planning through its five-year plans, developed,

executed and monitored by the Planning Commission. With the Prime Minister as the ex officio Chairman,

the commission has a nominated Deputy Chairman, who has rank of a Cabinet minister. Montek Singh Ahluwalia

is currently the Deputy Chairman of the Commission. The tenth plan completed its term in March 2007 and the

eleventh plan is currently underway.^[1] Prior to the Fourth plan, the allocation of state resources was based on

schematic patterns rather than a transparent and objective mechanism, which lead to the adoption of

the Gadgil formula in 1969. Revised versions of the formula have been used since then to determine

the allocation of central assistance for state plans.^[2]

Contents [hide] 1 First Five-Year Plan, 1951–1956 2 Second Five-Year Plan, 1956–1961 3 Third Five-Year Plan, 1961–1966 4 Fourth Five-Year Plan, 1969–1974 5 Fifth Five-Year Plan, 1974–1979 6 Sixth Five-Year Plan, 1980–1985 7 Seventh Five-Year Plan, 1985–1990 8 Period between 1989–1991 9 Eighth Five-Year Plan, 1992–1997 10 Ninth Five Year Plan, 1997–2002 11 Tenth Five-Year Plan, 2002–2007 12 Eleventh Five-Year Plan, 2007–2012 13 References 14 External links