Analysis of current five year plan

Most communist states and several capitalist countries subsequently have adopted them. Thus, it strongly supported agriculture production and it also launched the industrialization of the country but less than the Second Plan, which focused on heavy industries.

Analysis of current five year plan

Most communist states and several capitalist countries subsequently have adopted them. Thus, it strongly supported agriculture production and it also launched the industrialization of the country but less than the Second Plan, which focused on heavy industries.

It built a particular system of mixed economywith a great role for the public sector with an emerging welfare stateas well as a growing private sector represented by some personalities as those who published the Bombay Plan.

First Plan — [ edit ] This article does not cite any sources. Please help improve this article by adding citations to reliable sources.

Analysis of current five year plan

Unsourced material may be challenged and removed. The First Five-year Plan was launched in which mainly focused in development of the primary sector.

The total planned budget of Rs. The most important feature of this phase was active role of state in all economic sectors. Such a role was justified at that time because immediately after independenceIndia was facing basic problems—deficiency of capital and low capacity to save.

The target growth rate was 2. National income increased more than the per capita income due to rapid population growth. Many irrigation projects were initiated during this period, including the BhakraHirakudMettur Dam and Damodar Valley dams. The World Health Organization WHOwith the Indian governmentaddressed children's health and reduced infant mortalityindirectly contributing to population growth.

At the end of the plan period infive Indian Institutes of Technology IITs were started as major technical institutions. The University Grants Commission UGC was set up to take care of funding and take measures to strengthen the higher education in the country. Contracts were signed to start five steel plants, which came into existence in the middle of the Second Five-Year Plan.

The plan was quasi successful for the government. Second Plan — [ edit ] The Second Plan was particularly in the development of the public sector and "rapid Industrialisation". The plan followed the Mahalanobis modelan economic development model developed by the Indian statistician Prasanta Chandra Mahalanobis in The plan attempted to determine the optimal allocation of investment between productive sectors in order to maximise long-run economic growth.

It used the prevalent state of art techniques of operations research and optimization as well as the novel applications of statistical models developed at the Indian Statistical Institute.

The plan assumed a closed economy in which the main trading activity would be centred on importing capital goods. K and West Germany respectively. Coal production was increased.

More railway lines were added in the north east. In a talent search and scholarship program was begun to find talented young students to train for work in nuclear power.

This amount was allocated among various sectors: In —, India fought a War with Pakistan. There was also a severe drought in The war led to inflation and the priority was shifted to price stabilisation.

The construction of dams continued. Many cement and fertilizer plants were also built. Punjab began producing an abundance of wheat. Many primary schools were started in rural areas. In an effort to bring democracy to the grass-root level, Panchayat elections were started and the states were given more development responsibilities.

State electricity boards and state secondary education boards were formed. States were made responsible for secondary and higher education.

State road transportation corporations were formed and local road building became a state responsibility. The target growth rate was 5. Three annual plans were drawn during this intervening period. During —67 there was again the problem of drought. Equal priority was given to agriculture, its allied activities, and industrial sector.

The government of India declared "Devaluation of Rupee" to increase the exports of the country. The main reasons for plan holidays were the war, lack of resources, and increase in inflation.5) Man animal conflict is an issue that demands urgent attention.

We need to find the right policy and regulatory mix to reflect that realization. Examine.( words) November 15, How to Create Your Five-Year Master Plan. Two weeks ago, I wrote this article here: The Most Valuable Strategy to Apply to Anything You Do.I received a lot of positive feedback from hundreds of.

Analysis of current five year plan

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Add only what can be afforded for at least five years Five Year Plan Presentation – March 13, | 4. What the Current Five Year Plan Does Not Buy No new road construction - no future road bond planned priorities and workload and response data analysis Five Year Plan Presentation – March 13, | 19 Additions Total Additions.

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Review of Various Plans: Evaluation of Indian Planning and Development