Five-Year Plans of India
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The Five-Year Plans of India were a series of national development programmes implemented by the Government of India from 1951 to 2017.[1] Inspired by the Soviet model, these plans aimed to promote balanced economic growth, reduce poverty and modernise key sectors such as agriculture, industry, infrastructure and education.[2]
The Planning Commission, chaired ex-officio by the prime minister, conceptualised and monitored the plans until its replacement by the NITI Aayog (National Institution for Transforming India) in 2015. The plans evolved to address changing developmental priorities, introducing innovations like the Gadgil formula in 1969 for transparent resource allocation to states.[3] While the five-year plans significantly shaped India's economic trajectory, they were discontinued in 2017, transitioning to a more flexible framework under the NITI Aayog.[4][5][6]
- ^ Krishnan, Revathi (9 July 2020). "All about the First Five-Year Plan that was presented by Nehru nearly 70 years ago today". ThePrint. Archived from the original on 28 December 2024. Retrieved 22 January 2025.
- ^ "Five-Year Plans of India" (PDF). mospi.gov.in. 2017. Archived (PDF) from the original on 16 January 2025. Retrieved 22 January 2025.
- ^ "A Background Note on Gadgil Formula for distribution of Central Assistance for State Plans" (PDF). pbplanning.gov.in. 24 February 1997. Archived from the original (PDF) on 4 November 2021. Retrieved 22 January 2025.
- ^ "Government of India – Five Year Vision: 2019-2024" (PDF). mospi.gov.in. 2019. Archived (PDF) from the original on 19 September 2024. Retrieved 22 January 2025.
- ^ "The end of Five-Year Plans: All you need to know about this big policy change". The Economic Times. 13 April 2017. Archived from the original on 8 November 2022. Retrieved 22 January 2025.
- ^ Mukherjee, Sanjeeb (13 May 2016). "Five-year Plans out, 15-year vision soon". business-standard.com. Archived from the original on 5 May 2019. Retrieved 22 January 2025.