5 year planning
NITI Aayog consists of
1. Chairman - Narendra Modi. 2. Vice Chairman - Rajiv Kumar. 3. CEO- 4.4 full time membars 5. Ex. Officio members 6. Special Invites 7. Governing Council 8. Regional Council
Objective of Planning in India
1. Increase in National Income and Per Capita Income (most successful) 2. Increase in standard of living and in infrastructure (capital formation) 3. Reduction in unemployment and poverty and in economic inequality(least successful).
Faults of Economics Planning
1. Lack of perspective in Planning. 2. Highly centralized nature of planning. 3. Agriculture overshadowed industry. 4. Pollination of Planning process.
On the Basis of duration NITI Aayog can be divided as
1. Short time Planning (1-3 yrs) - Rolling Plan, Annual Plan. 2. Mid term Planning (4-7 yrs) - 5 year Planning. 3. Long term /Perspective Planning (15-20 yrs) - India Vision 2020
National Planning Commission was established on
15 th March , 1950
During 1st 5YP NI increase
18%
Green Revolution is during
1966-1967
Economic Reform in Indian Economy took place in
1990-92
Steel Plant of Rourkella and Durgapur in collaboration with Germany and Britain respectively built during
2nd 5YP
Planning had to given a short holiday after
3rd 5YP
Same importance given to agriculture and industry in
3rd 5YP
Which Plan experience 2 successive wars
3rd 5YP
Green Revolution introduced during
4th 5YP
Which 5 year Plan get terminated in 1yr before its termination
5 th 5 yr plan in 1978.
"Garibi Hatao" by Indira Gandhi mentioned in
5th 5YP
Agriculture is top priority in
5th 5YP
National Development Council established in
6th August, 1952. The first meeting concerned the draft report on the 1st Five year planning.
So far in Indian Economy
7 - Annual year Plan. 12 - 5 year Plan 1 Perspective Plan has been done.
Special stress on science and technology
7th 5YP
Decentralized Planning introduced in
8th 5YP
11th 5YP is setting the stage for
9% economic growth
Target of deficit finance taken as zero in
9th 5YP
The planning commission is
An Extra - Constitutional body Advisory Body Autonomous Body Non-Statutory Body Technical Body Quazi Political Body
Planning commission is not mentioned in
Constitution
Planning Commission is a
Department of Central Government
During 2nd 5YP importance given to
Heavy and Basic industry
When Agricultural Growth became negative and why
In 3rd, 5 year Plan due to Indo - Pak and Indo - China, also drought.
National Planning Committee is made under the leadership of
J. L. Nehru at Haripura College chaired by- S.C.Bose
5th 5YP have to terminated at the end of 4th year because
Janata Party wanted to start a new plan with changed objectives and patterns.
Father of Indian Economic Planning
M. Visvesvaraya
Planned Economy book written by
M.Visvesvaraya
2nd 5YP based on
Mahalonobish strategy
Concept of Rolling Plan is introduced in India by
Moragi Desai.
What is NITI Aayog--National Institution for Transforming India.
On 1st January, 2015 planning commission replaced by a new institution called NITI Aayog which is act as a think tank of Govt. that replace the planning commission and involve states in economic policy making.
Father of 5 year planning
P. Mahalanabish
Members of National Development Council
PM as Chairman, CM of all states, Governor of all the UT, Cabinet Minister.
Idea of planning came from
Russia
Concept of Planning in India came from
Soviet Russia.
Internal functioning of 5 yrs planning came from
Taxation, Public Borrowing, Deficit financing.
Function of NITI Aayog
To foster Cooperate mechanism through structured support.Believing that strong state makes a strong nation.
2nd five year plan (1956-1961)
Top Industry - Basic and heavy industries. Transport and Communication. Incidence - Durgapur, Rourkella, Bhilai steel pants, LIC, ONGC, Panchyet
1st Five Year Plan (1951-1956)- Harrod Domar Model
Top Priority - *AGRICULTURE, food problem, refugee problem,Inflation. Incidence- CDP, National Family Planning Program, abolishion of Zamindari system.
3rd Five Year Plan (1961-1966)
Top Priority - Both agriculture and industry. Incidence - Bokaro Steel Plant, FCI, IDBI, ARDC
4th Five year Plan (1969-1974)
Top Priority - Growth stability, self Reliance, and social justice. Incidence - 14 Commercial Bank Nationalized. Command Area Development Program (CADP)
5th Five year Plan
Top Priority - Removal of Poverty and stability of Economy Incidence - 20 point program and Garibi Hatao Programs.
6th Five year Plan
Top Priority - Removal of Poverty through strengthening infrastructure. Incidence - 2nd Green Revolution
