Multiple choice

Which of the following periods witnessed 'plan holiday'?

  1. 1990-92

  2. 1989-91

  3. 1991-93

  4. 1992-94
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A Correct answer
Explanation

The 'plan holiday' refers to the period 1990-92 when India suspended formal Five Year Planning due to severe economic crisis and political instability. This period included the 1991 economic crisis, balance of payment crisis, and initiation of structural reforms. The Eighth Five Year Plan could not be launched on schedule (1990) due to these circumstances. Annual plans were prepared for 1990-92 instead.

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