AN OVERVIEW OF ECONOMIC PLANNING ININDIA

MANOJ KUMAR PRADHAN13DM096

INTRODUCTION

Economic Planning is to make decision with respect to the use of resources.

Economic Planning is a term used to describe the long term plans of government to co-ordinate and develop the economy.

Economic planning in India was stared in 1950 is necessary for economic development and economic growth.

NEED FOR ECONOMIC PLANNING

Mass Poverty And Low Per Capita Income

High Rate of Growth of Population

Low Level of Literacy

Backward Technology

Social And Economic Problem Created By Partition of country

OBJECTIVES OF ECONOMIC PLANNING

Economic Growth.

Reduction Of Economic In Equalities.

Balanced Regional Development.

Modernization.

Reduction Of Unemployment.

Members Of Planning Commission Of India

Chairman - Dr. Manmohan Singh

(Prime Minister)

Deputy Chairman - Shri Montek Singh Ahluwalia

FIVE YEAR PLANS

The economy of India is based in part on planning through its five year plans which are developed, executed and monitored by planning commission .

The eleventh plan completed its terms in march 2011 and the twelfth plan is currently underway .

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. Eighth five year plan(1992-1997)

9. Ninth five year plan(1997-2002)

10. Tenth five year plan (2002-2007)

11. Eleventh five year plan (2007-2012)

12. Twelfth five year plan (2012-2017)

TWELFTH FIVE YEAR PLAN (2012-2017)

Average GDP Growth of 8 percent

Agriculture Growth of 4 percent

Reducing head-count poverty by 10 percentage point

Generating 50 million work opportunities

Eliminating gender and social gap in education

Enhance infrastructure investment to 9% of GDP

Achieve universal road connectivity and access to power for all villages

Access to banking services for 90 percent households

Major welfare benefits and subsidies via Aadhaar

EDUCATION

Reduce dropout rates of children from elementary school from 52.2% in 2003-04 to 20% by 2011-12.

Increase literacy rate for persons of age 7 years or more to 85%.

Lower gender gap in literacy to 10 percentage points.

WOMEN AND CHILDREN

Ensure that at least 33 percent of the direct and indirect beneficiaries of all government schemes are women and girl children.

Ensure that all children enjoy a safe childhood, without any compulsion to work.

ENVIRONMENT

Increase forest and tree cover by 5 percentage points.

Attain WHO standards of air quality in all major cities by 2011-12.

Treat all urban waste water by 2011-12 to clean river waters.

Increase energy efficiency by 20 percentage points by 2016-17.

CONCLUSION

Economic Planning help in mobilizing and allocating the resources in desired manner.

Objective of economic planning is to reduce inequality, economic growth, balanced regional growth, modernization.

Each five year plan aims at achieving certain target. Five year plan constitute the steps toward the fulfillment of objectives of economic planning.

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