Five Year Plans

When India gained independence, its economy was groveling in dust. The British had left the Indian economy crippled and the fathers of development formulated 5 years plan to develop the Indian economy. The five years plan in India is framed, executed and monitored by the Planning Commission of India. Currently, India is in its 11th five year plan. Let's see the journey of five year's plan in India and the objectives in each plan.

Objectives of all the Five Year's Plan:

1^st Plan (1951-56)
The first five year plan was presented by Jawaharlal Nehru in 1951. The main objectives of the first five year plans were agriculture, community development, communications, land rehabilitation.

2^nd Plan (1956-61)
The second five year plan mainly focused on hydroelectric projects, steel Mills, production of coal, railway tracks.

3^rd Plan (1961-66)
The main objectives of the third five year plan were defense, price stabilization, construction of dams, cement and fertilizers plants, education etc.

4^th Plan (1969-74)
At this time Indira Gandhi was the prime minister and she nationalized of 19 major banks. The funds raised for industrialization was used in the Indo-Pak war of 1971. India also conducted nuclear tests in 1974.

5^th Plan (1974-79)
The major objectives of the fifth five year plan were employment, poverty alleviation, justice etc

6^th Plan (1980-85)
The sixth five year plan focused on information technology, Indian national highway system, tourism, economic liberalization, price control, family planning etc.

7^th Plan (1985-89)
The objectives of the seventh five year plan were Improving productivity by upgrading technology.

8^th Plan (1992-97)
Modernization of industries was the main target of the eight five year plan.

9^th Plan (1997-2002)
The main objectives of the ninth five year plan were agriculture and rural development, food and nutritional security, empowerment of women, accelerating growth rates, providing the basic requirements such as health, drinking water, sanitation etc.

10^th Plan (2002-2007)
The tenth plan highlighted the need for reduction of poverty ratio, increase in literacy rates, reduction in infant mortality rate, economic growth, increase in forest and tree cover etc.

11^th Plan (2007-08)
The major objectives of the eleventh five year plan are income generation, poverty alleviation, education, health, infrastructure, environment etc.