DEGREE LEVEL COMMON PRELIMINARY

EXAMINATION
ECONOMICS -4

ANVARSHA S

Kerala PSC Expert

Five year Plans - part II
 Plan Holidays & Green Revolution

ഈ കാലയളവിൽ മൂന്ന് വാർഷിക പദ്ധതികൾ (1966–1969)

The main reasons for plan holidays were the war, lack of
resources and increase in inflation.
1966-69 -budget of around 1600 crores
Indira Gandhi -Green Revolution India commenced - 1966,-
M S Swaminathan
modern methods and technology -high yielding variety (HYV)
seeds, tractors, irrigation facilities, pesticides, and fertilizers.
Punjab, Haryana, and Uttar Pradesh.

development of high-yielding varieties of wheat

Minimum Support Prices were announced Government of

India for the first time in 1966-67 for wheat
 Fourth Plan (1969–1974)
● Indira Gandhi was the prime minister.
● two main objectives of this plan i.e. growth with stability and
progressive achievement of self-reliance.
● Indira Gandhi government nationalised 14 major Indian banks
● Green Revolution in India ,Implementation of Family Planning
Programmes
● Indo-Pakistan War of 1971 and Bangladesh Liberation War
● Smiling Buddha underground nuclear test (Pokhran-1) in Rajasthan
on 18 May 1974
● The target growth rate was 5.6%, but the actual growth rate was
3.3%
 Fifth Plan (1974–1978)

● Plan laid stress on employment, poverty alleviation (Garibi Hatao)

and justice
● focused on self-reliance in agricultural production and defence.
● In 1978 the newly elected Morarji Desai government rejected the
plan.
● The Electricity Supply Act was amended in 1975
● The Indian national highway system was introduced
● Tourism expanded.
● The twenty-point programme was launched in 1975
● The Minimum Needs Programme (MNP) first year of the Fifth
Five-Year Plan (1974–78)
● It is prepared and launched by D.P.Dhar.
● Overall this plan was successful which achieved a growth of
4.8% against the target of 4.4%.
 Rolling Plan (1978–1980)

● Janata Party government rejected the Fifth Five-Year Plan

● Three plans were introduced under the Rolling plan: (1) For the
budget of the present year (2) this plan was for a fixed number
of years-- 3,4 or 5 (3) Perspective plan for long terms-- 10, 15
or 20 years.
● Minister of Finance -Hirubhai M. Patel
● The Rolling Plan for backward countries was suggested by
Gunnar Myrdal.
 Sixth Plan (1980–1985)

● Its duration from 1980 to 1985, under the leadership of Indira

Gandhi
● Plan marked the beginning of economic liberalisation.
● Price controls were eliminated and ration shops were closed
● This led to an increase in food prices and an increase in the cost
of living
● This was the end of Nehruvian socialism
● The National Bank for Agriculture and Rural Development
development of rural areas on 12 July 1982 by recommendation of
the Shivaraman Committee

● Family planning was also expanded in order to prevent

overpopulation.

● Military Five-Year Plans became coterminous with Planning

Commission's plans from this plan onwards

● The Sixth Five-Year Plan was a great success to the Indian

economy. The target growth rate was 5.2% and the actual growth
rate was 5.7%
 Seventh Plan (1985–1990)

Rajiv Gandhi as the prime minister

stress on improving the productivity level of industries by upgrading

of technology.

സാമ്പത്തിക ഉൽപാദനക്ഷമത, ഭക്ഷ്യധാന്യങ്ങളുെട ഉൽപാദനം,

"സാമൂഹ്യനീതി" വഴി െതാഴിൽ സൃഷ്ടിക്കൽ തുടങ്ങിയ േമഖലകളിൽ വളർച്ച
സ്ഥാപിക്കുക.

For the first time, the private sector got priority over the public
sector
The Seventh Plan had strived towards socialism and energy
production at large.

social justice, using modern technology, agricultural development,

anti-poverty programmes, full supply of food, clothing, and shelter,
increasing productivity of small- and large-scale farmers, and
making India an independent economy.

In 1986, founded the Jawahar Navodaya Vidyalaya

The target growth rate was 5.0% and the actual growth rate was
6.01%
 Annual Plans (1990–1992)
● േലാകത്തും ഇന്ത്യയിലും ഈ കാലയളവിലുണ്ടായ രാഷ്ട്രീയവും
സാമ്പത്തികവുമായ പ്രതിസന്ധികൾ കാരണം എട്ടാം പഞ്ചവത്സര
പദ്ധതി സമയ ബന്ധിതമായി തുടങ്ങാനായില്ല.
● പകരം വാർഷിക പദ്ധതികളായിരിന്നു
ആവിഷ്ക്കരി
ച◌്ച് നടപ്പിലാക്കിയത്. ഇന്ത്യയിൽ പുത്തൻ സാമ്പത്തിക നയം (ഇന്ത്യ) നടപ്പ
● നരസിംഹ റാവു ആയിരിന്നു ആ കാലയളവിൽ ഇന്ത്യൻ പ്രധാനമന്ത്രി