India's 12th Five-Year Plan (2012-2017) is a significant component of the country's economic planning strategy aimed at fostering inclusive growth and sustainable development. This article delves into its key features, challenges, long-term impacts on the Indian economy and society, and provides answers to several critical questions regarding the plan.
The 6th Five-Year Plan (1980-1985) marked a significant phase in India's economic planning, focusing on achieving self-reliance and promoting social equity. This plan was formulated against the backdrop of a growing need for economic reform and development in various sectors following previous plans that laid the groundwork for industrialization and agricultural productivity.
The Fifth Five-Year Plan of India, which spanned from 1974 to 1979, marked a significant phase in the country's economic development strategy. Formulated during a time of economic challenges and political turmoil, this plan aimed to address pressing issues such as poverty, unemployment, and regional disparities while promoting self-reliance.
The Second Five-Year Plan (1956-1961) of India marked a significant phase in the nation’s economic development after independence. Following the first plan, which laid the groundwork for industrialization and infrastructure development, the second plan aimed at achieving accelerated growth through a more focused approach on heavy industries and self-sufficiency.