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)
“When I heard at the close of the day how my name had been receiv’d
with plaudits in the capitol, still it was not a happy night for me
that follow’d,
And else when I carous’d, or when my plans were accomplish’d,
still I was not happy,
But the day when I rose at dawn from the bed of perfect health,
refresh’d, singing, inhaling the ripe breath of autumn,”
—Walt Whitman (1819–1892)
“But nothing in India is identifiable, the mere asking of a question causes it to disappear or to merge in something else.”
—E.M. (Edward Morgan)