Five Year Plans
Economics · पंचवर्षीय योजनाएं · 22 facts
Planning Commission set up 15 March 1950 by Cabinet Resolution, NOT Constitution
PM Nehru was the FIRST Chairman of Planning Commission
Planning Commission was NON-CONSTITUTIONAL and NON-STATUTORY body
India had 13 Five Year Plans from 1951 to 2017; 12th was the LAST
1st Plan (1951-56): Harrod-Domar Model, agriculture and irrigation focus
2nd Plan (1956-61): Mahalanobis Model, heavy industries and steel plants
3rd Plan (1961-66): called Take-Off stage; failed due to wars and drought
Plan Holiday 1966-69: three Annual Plans due to wars and drought crisis
Green Revolution started during Plan Holiday (1966-69) — M.S. Swaminathan
4th Plan (1969-74): Gadgil Formula for Centre-State fund allocation
5th Plan (1974-79): Garibi Hatao — poverty removal and self-reliance
Rolling Plan (1978-80): introduced by Janata Government, replaced 5th Plan
6th Plan (1980-85): emphasis on technology and poverty elimination
7th Plan (1985-90): employment and productivity — MOST successful plan
8th Plan (1992-97): LPG reforms era, Rao-Manmohan liberalization
9th Plan (1997-2002): Growth with Social Justice and Equality
10th Plan (2002-07): FIRST plan to set 8% GDP growth target
11th Plan (2007-12): Faster and More Inclusive Growth
12th Plan (2012-17): Faster, Inclusive and Sustainable Growth — the LAST Plan
Planning Commission replaced by NITI Aayog on 1 January 2015
Deputy Chairman was de facto head of Planning Commission (Cabinet rank)
Five Year Plan concept inspired by Soviet Union planning model