List of All Five Year Plans of India

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List of All Five Year Plans of India

List of All Five Year Plans of India

Economic planning is the process in which the limited natural resources are used skillfully so as to achieve the desired goals. The concept of economic planning in India or five year plan is derived from the Russia (then USSR). India has launched 12 five year plans so far and 12th five year plan will be the last plan because since 2017 the government of India (NITI Aayog) has decided to stop the launching of five year plans in India.The Planning Commission was set up in March 1950. The main objective of the Government to promote a rapid rise inthe standard of living of the people by– efficient exploitation of the resources of the country– increasing production and– offering opportunities to all for employment in the service of thecommunity