Multiple choice

Which Indian plan ensured higher growth rate than the targeted growth rate?

  1. Second Five Year Plan

  2. Fourth Five Year Plan

  3. Fifth Five Year Plan

  4. Eighth Five Year Plan
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The eighth plan was postponed by two years because of political uncertainty at the centre, worsening balance of payment position and inflation during 1990-91. These were the key issues during the launch of the plan. The plan undertook drastic policy measures to combat the bad economic situation and to undertake an annual average growth of 5.6% Some of the main economic outcomes during the eighth plan period were rapid economic growth, high growth of agriculture, allied sector and manufacturing sector, growth in exports and imports and improvement in trade and current account deficit.

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