Five-Year Plans Of India
The economy of India is based in part on planning through its five-year plans, which are developed, executed and monitored by the Planning Commission. The eleventh plan completed its term in March 2012 and the twelfth plan is currently underway. Prior to the fourth plan, the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism, which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then to determine the allocation of central assistance for state plans.
Read more about Five-Year Plans Of India: First Five-Year Plan (1951–1956), Second Five-Year Plan (1956–1961), Third Five-Year Plan (1961–1966), Fourth Five-Year Plan (1969–1974), Fifth Five-Year Plan (1974–1979), Sixth Five-Year Plan (1980–1985), Seventh Five-Year Plan (1985–1990), Eighth Five-Year Plan (1992–1997), Ninth Five-Year Plan (1997–2002), Tenth Five-Year Plan (2002–2007), Eleventh Five-Year Plan (2007–2012)
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“There is a totalitarian regime inside every one of us. We are ruled by a ruthless politburo which sets ours norms and drives us from one five-year plan to another. The autonomous individual who has to justify his existence by his own efforts is in eternal bondage to himself.”
—Eric Hoffer (1902–1983)
“The fellow parent you are scared to call is as appalled by the clique’s plans as you are. . . . The other parent is as happy to hear from you as you would be to hear from him.”
—Fred G. Gosman (20th century)
“India has 2,000,000 gods, and worships them all. In religion other countries are paupers; India is the only millionaire.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)