What is the aim of 12th five year plan?
The objectives of the 12th Five Year Plan of India include: Achieving a growth rate of 9 percent. Ensuring a growth rate of 4 percent in the agricultural sector. Ensuring that the commercial energy supplies grow at a rate of 6.5-7 percent per year.
What is the theme of 12th Five Year Plan of India?
Faster, More Inclusive and Sustainable Growth
Twelfth Five Year Plan: Its duration is from 2012 to 2017, under the leadership of Manmohan Singh. II. Its main theme is “Faster, More Inclusive and Sustainable Growth”.
What are the achievements of 12th five year plan?
India has now 3 million km of road network making it one of largest in the world. Other modes of transport like shipping, civil aviation have also widened phenomenally. 3. Development of Basic and Capital Goods Industries: Major area of success of Indian planning is growth of basic and capital goods industries.
What are the main goals of Five Year Plans explain?
The goals of the five year plans are: growth, modernisation, self-reliance and equity. This does not mean that all the plans have given equal importance to all these goals. Due to limited resources, a choice has to be made in each plan about which of the goals is to be given primary importance.
Was the 12th five year plan successful?
Twelfth Plan (2012–2017) The Twelfth Five-Year Plan of the Government of India has been decided to achieve a growth rate of 9% but the National Development Council (NDC) on 27 December 2012 approved a growth rate of 8% for the Twelfth Plan.
Who prepared draft of 12th Five Year Plan?
statistician P.C. Mahalanobis
12 Five-Year Plans in India Drafted by statistician P.C. Mahalanobis, the Second Plan was also called the Mahalanobis Plan.
What are the goals of planning in India Class 12?
In India, planning is done for a period of five years, which is called five year plan. Plans have both specific and general goals. Some of the common goals are economic growth, modernisation, self-reliance and equity.
Why are reforms introduced in India?
Economic reforms were introduced in the year 1991 in India to combat economic crisis. It was in that year the Indian government was experiencing huge fiscal deficits, large balance of payment deficits, high inflation level and an acute fall in the foreign exchange reserves.
Who prepared draft of 12th Five Year plan?
Who is the chairman of 12th five year plan?
The NITI Aayog has completed the appraisal of the Twelfth Five-Year Plan, which will be placed before its Governing Council that is chaired by Prime Minister Narendra Modi.
What is the Year of India 12th 5 year plan?
12th Five Year Plan of the Government of India (2012–17) was India’s last Five Year Plan. I think given that the world economy deteriorated very sharply over the last year…the growth rate in the first year of the 12th Plan (2012-13) is 6.5 to 7 per cent.”
What are the main goals of Five Year Plans?
Expert Answer:
- The goals of Five Year plans are growth, modernisation, self-reliance and equity.
- Growth: It refers to an increase in the countries’ capacity to produce the output of goods and services within the economy.
