Five-Year Plans of India

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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    —Eric Hoffer (1902–1983)

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    —Penelope Leach (20th century)

    “India is an abstraction.... India is no more a political personality than Europe. India is a geographical term. It is no more a united nation than the Equator.”
    —Winston Churchill (1874–1965)