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Five-Year Plans of India. From 1947 to 2017, the Indian economy was premised on the concept of planning. This was carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission (1951–2014) and the NITI Aayog (2015–2017). With the prime minister as the ex-officio chairman, the commission has a nominated ...
The Feldman–Mahalanobis model is a Marxist model of economic development, created independently by Soviet economist Grigory Feldman in 1928 [1] and Indian statistician Prasanta Chandra Mahalanobis in 1953. [2] Mahalanobis became essentially the key economist of India 's Second Five Year Plan, becoming subject to much of India's most dramatic ...
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". According to the Tendulkar methodology, the percentage of population below the poverty line was 29.8 per cent at the end of 2009 ...
Gadgil Formula. The Gadgil formula was formulated with the formulation of the third five-year plan for the distribution of plan transfers amongst the states. It was named after D. R. Gadgil, then deputy chairman of the Planning Commission. The central assistance provided for in the first three plans and annual plans of 1966–1969 lacked ...
The National Development Council (NDC) or Rashtriya Vikas Parishad is the apex body for decision creating and deliberations on development matters in India, presided over by the Prime Minister. It was set up on 6 August 1952 to strengthen and mobilize the effort and resources of the nation in support of the Five Year Plans made by Planning ...
The government was even able to exceed the targeted growth figure with an annual growth rate of 5.0–5.2% over the five-year period of the plan (1974–79). [ 1 ] [ 4 ] The economy grew at the rate of 9% in 1975–76 alone, and the Fifth Plan, became the first plan during which the per capita income of the economy grew by over 5%.
The 1956 policy continued to constitute the basic economic policy for a long time. This fact has been confirmed in all the Five-Year Plans of India. According to this resolution the objective of the social and economic policy in India was the establishment of a socialistic pattern of society. It provided more powers to the governmental machinery.
India's Department of Space in their 12th Five Year Plan (FYP) (2012–17) stated increasing the number of satellites in the constellation from 7 to 11 to extend coverage. [77] These additional four satellites will be made during 12th FYP and will be launched in the beginning of 13th FYP in geosynchronous orbit of 42° inclination.