Question

The 12^th Five - year plan targeted an average annual growth of ___% in agriculture.
1. 8
2. 6
3. 4
4. 2

Answer 1

Correct Answer - Option 3 : 4

The correct answer is 4%.

• 12^th Five-Year Plan(2012-17)
  • It was India's last five-year plan.
  •  It aims at a growth rate of 8%.
  • 12^th Five-Year Plan focuses on Growth that is Faster, Inclusive, and Sustainable.
  • It aims to reduce poverty by 10% during the 12th Five-Year Plan.
  • There will be Agriculture growth at 4% and Manufacturing growth at 10%.
  • Every state must attain a higher growth rate than the rate achieved during the 11^th plan.

• First Five Year Plan( 1951-1956): It was based on the Harrod-Domar model with some modifications.
  • Its main focus was on the agricultural development of the country.
• During the 8^th  Five year plan( 1992-1997), a New Economic Policy of India was launched.
• The decades-old five-year plan is now replaced with the new three-year action plan which will be monitored by NITI AAYOG.