AN OVERVIEW OF

ECONOMIC PLANNING IN
INDIA

MANOJ KUMAR PRADHAN

13DM096

INTRODUCTION
Economic Planning is to make decision with
respect to the use of resources.
Economic Planning is a term used to describe
the long term plans of government to coordinate and develop the economy.
Economic planning in India was stared in
1950 is necessary for economic development
and economic growth.

NEED FOR ECONOMIC

PLANNING
Mass Poverty And Low Per Capita Income
High Rate of Growth of Population
Low Level of Literacy
Backward Technology
Social And Economic Problem Created By
Partition of country

OBJECTIVES OF ECONOMIC PLANNING

Economic Growth.
Reduction Of Economic In Equalities.
Balanced Regional Development.
Modernization.
Reduction Of Unemployment.

Members Of Planning Commission Of

India
Chairman

Deputy Chairman
Ahluwalia

- Dr. Manmohan Singh

(Prime Minister)
- Shri Montek Singh

FIVE YEAR PLANS

The economy of India is based in part on planning through its five year
plans which are developed, executed and monitored by planning
commission .
The eleventh plan completed its terms in march 2011 and the twelfth
plan is currently underway .
1.

First five year plan(1951-1956)

2.

Second five year plan (1956-1961)

3.

Third five year plan (1961-1966)

4.

Fourth five year plan (1969-1974)

5.

Fifth five year plan (1974-1979)

6.

Sixth five year plan (1980-1985)

7.

Seventh five year plan(1985-1990)

8.

Eighth five year plan(1992-1997)

9.

Ninth five year plan(1997-2002)

10. Tenth five year plan (2002-2007)

11. Eleventh five year plan (2007-2012)
12. Twelfth five year plan (2012-2017)

TWELFTH FIVE YEAR PLAN (20122017)

Average GDP Growth of 8 percent
Agriculture Growth of 4 percent
Reducing head-count poverty by 10 percentage point
Generating 50 million work opportunities
Eliminating gender and social gap in education
Enhance infrastructure investment to 9% of GDP
Achieve universal road connectivity and access to
power for all villages
Access to banking services for 90 percent households
Major welfare benefits and subsidies via Aadhaar

EDUCATION

Reduce dropout rates of children from

elementary school from 52.2% in 2003-04
to 20% by 2011-12.
Increase literacy rate for persons of age 7
years or more to 85%.
Lower gender gap in literacy to 10
percentage points.

WOMEN AND CHILDREN

Ensure that at least 33 percent of
the direct and indirect beneficiaries
of all government schemes are
women and girl children.
Ensure that all children enjoy a safe
childhood, without any compulsion
to work.

ENVIRONMENT
Increase forest and tree cover by 5
percentage points.
Attain WHO standards of air quality in all
major cities by 2011-12.
Treat all urban waste water by 2011-12 to
clean river waters.
Increase energy efficiency by 20
percentage points by 2016-17.

CONCLUSION
Economic Planning help in mobilizing
and allocating the resources in desired
manner.
Objective of economic planning is to
reduce inequality, economic growth,
balanced regional growth,
modernization.
Each five year plan aims at achieving
certain target. Five year plan constitute
the steps toward the fulfillment of
objectives of economic planning.

THANK YOU