Question

Which of the following five year plans witnessed the highest growth rate in India?
1.  Eighth plan
2. Ninth plan
3. Tenth plan
4. Eleventh plan

Answer 1

Correct Answer - Option 4 : Eleventh plan

The correct answer is Eleventh plan.

• Eighth plan - 6.5%
• Ninth plan - 5.5%
• Tenth plan - 7.7%
• Eleventh plan - 7.9%

 

• Eighth Five Year Plan:
  • Its duration was from 1992 to 1997, under the leadership of P.V. Narasimha Rao. 
  • In this plan, the top priority was given to the development of human resources i.e. employment, education, and public health.
  • During this plan, Narasimha Rao Govt. launched the New Economic Policy of India.
  • Some of the main economic outcomes during the eighth plan period were rapid economic growth (highest annual growth rate so far – 6.8 %), high growth of agriculture and allied sector, and manufacturing sector, growth in exports and imports, improvement in trade and current account deficit.
  • A high growth rate was achieved even though the share of the public sector in total investment had declined considerably to about 34 %.
  • This plan was successful and got an annual growth rate of 6.8% against the target of 5.6%.
• Ninth Five Year Plan:
  • Its duration was from 1997 to 2002, under the leadership of Atal Bihari Vajpayee. 
  • The main focus of this plan was “Growth with Social Justice and Equality”.
  • It was launched in the 50th year of independence of India.
  • This plan failed to achieve the growth target of 6.5% and achieved a growth rate of 5.6%.
• Tenth Five Year Plan:
  • Its duration was from 2002 to 2007, under the leadership of Atal Bihari Vajpayee and Manmohan Singh. 
  • This plan aimed to double the Per Capita Income of India in the next 10 years.
  • It also aimed to reduce the poverty ratio by 15% by 2012.
  • Its growth target was 8.0% but it achieved only 7.6%.
• Eleventh Five Year Plan:
  • Its duration was from 2007 to 2012, under the leadership of Manmohan Singh. 
  • It was prepared by the C. Rangarajan.
  • Its main theme was “rapid and more inclusive growth”.
  • It achieved a growth rate of 8% against a target of 9% growth.