Five Year Plan Comparative Analysis
Introduction:- The particular assignment of business economics is focused on Five Year Plans. The assignment provides a detailed and comparative analysis about 10th, 11th and 12th five year plans in relation to various parameters and economic areas. It also provides a detailed assessment of the economy as a whole as well as contribution of individual sectors in comparison with plan targets.
What basically is Five Year Plan? First Five Year Plan was implemented in Soviet Union in 1920 by Joseph Stalin. Since 1947, Indian Economy is being run with the help of Five Year Plans which has been made, developed, implemented, executed and monitored by Planning Commission. Ahluwalia was the last deputy chairman of the commission who resigned on 26 May 2014. In 2012 Year 11th Plan completed its term and now at present 12th plan is underway. Five Year Plans are highly structured, organized, formalized, centralized and integrated economic programs. It was the 1st five year plan which carried out Indian development after independence. Five Year Plans focused on building a particular system of mixed economy providing a great role for public sector as well as support roles for the growth of private sector.
Comparative Analysis Here we will make an attempt to analyze the 10th, 11th and 12th five year plans under various categorical divisions.
Objectives:-
Here we will go through objectives laid down over the three five year plans. Different objectives had to be made because of changing economic conditions and circumstances.
10th Five Year Plan (2002-2007): Following were the objectives in concern with the 10th five year plan.
To achieve a growth of 8% In GDP per year.
Reduction in poverty rate by 5% by the year 2007.
Providing quality employment and to assist in gainful addition to the labor force.
To introduce 20 Point
What basically is Five Year Plan? First Five Year Plan was implemented in Soviet Union in 1920 by Joseph Stalin. Since 1947, Indian Economy is being run with the help of Five Year Plans which has been made, developed, implemented, executed and monitored by Planning Commission. Ahluwalia was the last deputy chairman of the commission who resigned on 26 May 2014. In 2012 Year 11th Plan completed its term and now at present 12th plan is underway. Five Year Plans are highly structured, organized, formalized, centralized and integrated economic programs. It was the 1st five year plan which carried out Indian development after independence. Five Year Plans focused on building a particular system of mixed economy providing a great role for public sector as well as support roles for the growth of private sector.
Comparative Analysis Here we will make an attempt to analyze the 10th, 11th and 12th five year plans under various categorical divisions.
Objectives:-
Here we will go through objectives laid down over the three five year plans. Different objectives had to be made because of changing economic conditions and circumstances.
10th Five Year Plan (2002-2007): Following were the objectives in concern with the 10th five year plan.
To achieve a growth of 8% In GDP per year.
Reduction in poverty rate by 5% by the year 2007.
Providing quality employment and to assist in gainful addition to the labor force.
To introduce 20 Point