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Which of the Five Year Plans has laid emphasis on 'faster, sustainable and inclusive growth'?
1. 11th Five Year Plan
2. 12th Five Year Plan
3. 10th Five Year Plan
4. 9th Five Year Plan

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Correct Answer - Option 2 : 12th Five Year Plan

The correct answer is  12th Five Year Plan.

  • A committee on economic planning was formed in 1947 under the chairmanship of J.L. Nehru. The committee suggested the formation of the Planning Commission.
  • After the enforcement of the Constitution, the Planning commission was set up on 15 March 1950 with the objective of promoting economic growth; using resources efficiently; increasing business and employment opportunities.
  • The First Five Year Plan was launched in 1951 with an aim of rehabilitation of refugees, rapid agricultural development to achieve food self-sufficiency in the shortest possible time, and controlling inflation.

  • 12th Five Year Plan
    • It was launched for the period between 2012-2017 and Mr. Montek Singh Ahluwalia was the Deputy Chairman of the Planning Commission.
    • The objective of the 12th Five Year Plan was to achieve 'faster, sustainable and inclusive growth.
    • Salient features of the 12th Five Year Plan:
      • It aimed at achieving 'inclusive growth' through poverty reduction, promoting equality and regional balance, empowering people, etc.
      • According to the plan, 'sustainable growth' could be achieved by ensuring environmental sustainability, development of human capital through improved - health, education, nutrition, skill development, information technology, etc., and development of institutional infrastructure.
  • Some of the Targets of the 12th Five Year Plan
    • Annual average economic growth rate - 8% (4% growth target in the agriculture sector and 10% in the manufacturing sector).
    • Employment opportunities for 50 million people.
    • Reducing Infant Mortality Rate to 25 and Maternal Mortality Rate to 100.
    • Enhancement in infrastructure investment by making it 9% of the GDP.
    • Transfer of subsidies and welfare benefits through Adhaar card.
    • Developing National Action Plan for Climate Change so that there can be a 20-25% reduction in emission levels by 2020.

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