What is the Twelfth Five Year Plan of India?
2012–17
12th Five Year Plan of the Government of India (2012–17) was India’s last Five Year Plan.
What are the objectives of 12th Five Year Plan in India?
The objectives of the 12th Five Year Plan of India include: Achieving a growth rate of 9 percent. Ensuring a growth rate of 4 percent in the agricultural sector. Ensuring that the commercial energy supplies grow at a rate of 6.5-7 percent per year.
What are the objectives of 12th Five Year Plan?
The correct answer is faster, sustainable and more inclusive growth. The Twelfth Five Year Plan lasted from 2012-2017. It was launched with the objective of faster, sustainable, and more inclusive growth.
Who is responsible for preparation of five-year plans in India?
Planning Commission, agency of the government of India established in 1950 to oversee the country’s economic and social development, chiefly through the formulation of five-year plans.
Who is responsible for preparation of five year plans in India?
Who prepared draft of the 12 five year plan?
12 Five-Year Plans in India Drafted by statistician P.C. Mahalanobis, the Second Plan was also called the Mahalanobis Plan.
Who was the architect of India’s second five year plan?
Mahalanobis
Mahalanobis, who was known as India’s ‘Plan Man’, was the architect of the Second Five-Year Plan.
Who gives the final approval to the Five Year Plans of India?
Notes: National Development Council (NDC) was the final authority that used to give final approval to the five years plans.
Why was Niti Aayog Planning Commission replaced?
The Government of India constituted NITI Aayog to replace the Planning Commission, which had been instituted in 1950. This step was taken to better serve the needs and aspirations of the people.
Are there any 5 year plans in India?
Five-Year Plans of Bhutan, a series of national economic development plans created by the government of Bhutan since 1961 Five-year plans of China (PRC), a series of social and economic development initiatives Five-Year Plans of India, which existed from 1947 to 2017
What is the status of the 12th Five Year Plan?
The status of the 12th Plan is in question due to the dissolution of the Planning Commission. The government intends to reduce poverty by 10 per cent during the 12th Five-Year Plan. Mr Ahluwalia said, “We aim to reduce poverty estimates by 2 per cent annually on a sustainable basis during the Plan period”.
What was the growth rate of the Twelfth Five Year Plan in India?
The Twelfth Five-Year Plan of the Government of India has been decided to achieve a growth rate of 8.2% but the National Development Council (NDC) on 27 December 2012 approved a growth rate of 8% for the Twelfth Plan.
What do you mean by five year plan?
Five-year plan may refer to: Five-year plans of the Soviet Union, a series of nationwide centralized economic plans in the Soviet Union Five-Year Plans of Bhutan, a series of national economic development plans created by the government of Bhutan since 1961 Five-year plans of China (PRC), a series of social and economic development initiatives
