Indian Five-Year Plans

The second plan during 1956-1961 was based on this model where emphasis was placed on building large & capital goods industries so that the industrialization process may be encouraged. It put India on the strong industrial base as it is today.

The duration is from 2007 - 12

The Third Five Year Plan (1961-1966) faced severe setbacks due to the Sino-Indian War (1962), the Indo-Pakistani War (1965), and a severe drought, resulting in the lowest growth rate.

The Fifth Five Year Plan emphasized both democratic and socialist values, aiming for growth with social justice and self-reliance.

The 11th Five Year Plan in India (2007-2012) targeted an average annual growth rate of 9 percent.

The First Five-Year Plan (1951-1956) in India focused heavily on agricultural development to ensure food security.

The Eighth Five Year Plan (1992-1997) shifted the focus toward human development, prioritizing education, health, and employment as essential components of economic growth.

The Tenth Five-Year Plan (2002-2007) aimed to create 50 million job opportunities to address unemployment.

The National Development Council (NDC) was the highest body responsible for the final approval of the Five-Year Plans in India.

India's First Five Year Plan was launched in 1951, covering the period from 1951 to 1956.

KVIC (Khadi and Village Industry Commission) was established in the Second Five Year Plan.  Khadi and Village Industries (KVIC) were formed during the second five year plan by promulgation of an Act in the parliament with the aim to develop Khadi & Village Industries. The headquarters of the Commission is at Bombay & in each State they have an office to have close monitoring of implementation of their programmes.  

The Fifth Five-Year Plan (1974-79) was suspended one year before the time schedule. The world economy was in a troublesome state when the Fifth Five-Year Plan was chalked out. This had a negative impact on the Indian economy. Prices in the energy and food sectors skyrocketed and as a consequence, inflation became inevitable. Therefore, the priority in the Fifth Five-Year Plan was given to the food and energy sectors. So, it was suspended one year before the time schedule.

The Eighth Five-Year Plan ensured higher growth rate than the targeted growth rate. The major objectives included in this plan were controlling population growth, poverty reduction, employment generation, strengthening the infrastructure, institutional building, tourism management, human resource development, involvement of Panchayat Raj, Nagar Palikas, NGOs and people. 

A rolling plan is a concept where the plan is updated annually, but it is typically designed to cover a five-year period, allowing for adjustments based on changing economic conditions.

The first Five Year Plan of India was launched in 1951, covering the period from 1951 to 1956. It focused primarily on the development of the agricultural sector.