Five years plans-indian economy-english

Five Year Plans – Comprehensive Table

Serial number.	Plan name	Duration		Main objectives/features		Growth rate (target vs achieved)		Key Results/Special Schemes	Major incidents/failure causes
1	First Five Year Plan	1951-1956		Harrod-Damore model. Priority given to agriculture, price controls, and transportation. Community Development Program (1952).		Target: 4.5% Achieved: 4.3%		Success in agricultural production.	—
2	Second Five Year Plan	1956-1961		Mahalanobis model. Heavy industries, public sector priority.		–		The beginning of industrialization.	—
3	Third Five Year Plan	1961-1966		Agriculture, wheat production. Additional responsibilities for states.		Target: 5.6% Achieved: 2.4%		Failed. 3 annual plans in 1966-69.	China War (1962), Pakistan War (1965).
4	Fourth Five Year Plan	1969-1974	Gadgil Formula. Growth with Stability. Nationalization of Banks (1969).	Target: 5.7% Achieved: 3.3%	Indira Gandhi nationalized the banks.		—
5	Fifth Five Year Plan	1974-1978	“Garibi Hatao”. Food self-reliance, poverty eradication.	Target: 4.4% Achieved: 4.8%	State of Emergency (1975).	The Morarji government cancelled and started rolling plans.

6	Sixth Five Year Plan	1980-1985	Exceeding the Hindu growth rate (5%). Removing price controls.	Target: 5.2% Achieved: 5.7%	RLEGP (1983), NREP (1980), DWACRA schemes. Per capita income growth: 3.2%.	—
7	Seventh Five Year Plan	1985-1990	15-year vision. 28% funding for the energy sector (“Energy Plan”).	–	Modernization, self-reliance.	—
8	Eighth Five Year Plan	1992-1997	Narasimha Rao-Manmohan Singh economic reforms. Private sector priority.	–	Indicative planning approach. LPG model.	Reforms after the 1991 financial crisis.
9	Ninth Five Year Plan	1997-2002	Social justice and rural development.	Target: 6.5% Achieved: 5.4%	SJSRY (1997), JGSY (1999), SGSY (1999), PMGSY (2000). Per capita income growth: 3.4%.	—
10	Tenth Five Year Plan	2002-2007	8% growth, poverty reduction, literacy rate 75%.	Target: 8% Achieved: 7.8%	50 million jobs.	—
11	Eleventh Five Year Plan	2007-2012	“Rapid, inclusive growth”. 27 specified criteria.	Target: 9% Achieved: 8.1%	Agriculture (4%), industry (10-11%), and services (9-11%).	The impact of the 2008 global financial crisis.
12	Twelfth Five Year Plan	2012-2017	“Rapid, sustainable, inclusive growth”.	—	Jobs, health, education, development of backward areas. NITI Aayog was established in 2014.	—

Serial number.

Plan name

Duration

Main objectives/features

Growth rate (target vs achieved)

Key Results/Special Schemes

Major incidents/failure causes

First Five Year Plan

1951-1956

Harrod-Damore model. Priority given to agriculture, price controls, and transportation. Community Development Program (1952).

Target: 4.5%
Achieved: 4.3%

Success in agricultural production.

—

Second Five Year Plan

1956-1961

Mahalanobis model. Heavy industries, public sector priority.

–

The beginning of industrialization.

—

Third Five Year Plan

1961-1966

Agriculture, wheat production. Additional responsibilities for states.

Target: 5.6%
Achieved: 2.4%

Failed. 3 annual plans in 1966-69.

China War (1962), Pakistan War (1965).

Fourth Five Year Plan

1969-1974

Gadgil Formula. Growth with Stability. Nationalization of Banks (1969).

Target: 5.7%
Achieved: 3.3%

Indira Gandhi nationalized the banks.

—

Fifth Five Year Plan

1974-1978

“Garibi Hatao”. Food self-reliance, poverty eradication.

Target: 4.4%
Achieved: 4.8%

State of Emergency (1975).

The Morarji government cancelled and started rolling plans.

Sixth Five Year Plan

1980-1985

Exceeding the Hindu growth rate (5%). Removing price controls.

Target: 5.2%
Achieved: 5.7%

RLEGP (1983), NREP (1980), DWACRA schemes. Per capita income growth: 3.2%.

—

Seventh Five Year Plan

1985-1990

15-year vision. 28% funding for the energy sector (“Energy Plan”).

–

Modernization, self-reliance.

—

Eighth Five Year Plan

1992-1997

Narasimha Rao-Manmohan Singh economic reforms. Private sector priority.

–

Indicative planning approach. LPG model.

Reforms after the 1991 financial crisis.

Ninth Five Year Plan

1997-2002

Social justice and rural development.

Target: 6.5%
Achieved: 5.4%

SJSRY (1997), JGSY (1999), SGSY (1999), PMGSY (2000). Per capita income growth: 3.4%.

—

Tenth Five Year Plan

2002-2007

8% growth, poverty reduction, literacy rate 75%.

Target: 8%
Achieved: 7.8%

50 million jobs.

—

Eleventh Five Year Plan

2007-2012

“Rapid, inclusive growth”. 27 specified criteria.

Target: 9%
Achieved: 8.1%

Agriculture (4%), industry (10-11%), and services (9-11%).

The impact of the 2008 global financial crisis.

Twelfth Five Year Plan

2012-2017

“Rapid, sustainable, inclusive growth”.

—

Jobs, health, education, development of backward areas. NITI Aayog was established in 2014.

—

Additional details:

Planning Commission:

Established in 1950 , replaced by NITI Aayog in 2014.
The first 11 plans have been completed ; the 12th plan ( 2012-17) is the last.

Achievements:

Post-independence economic reconstruction , heavy industries , food security.
Economic reforms began after the 8th Plan ( 1992-97) .

Failures:

The 3rd plan failed due to wars .
The 5th Plan was cancelled after the Emergency (1975) .
Less than the 9th Plan target (6.5% vs 5.4%).

Main schemes:

RLEGP (1983), NREP (1980), PMGSY (2000), SGSY (1999).
LPG Model ( Reforms) in the 8th Plan .

Political influences:

Indira Gandhi nationalized banks (1969).
Manmohan Singh’s economic reforms (1991 ).

Economy -Five Year Plans-పంచవర్ష ప్రణాళికలు

May 30, 2025 10:06 pm

Five years plans-indian economy-english

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Five Year Plans – Comprehensive Table

Additional details:

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