Study notes for economy topic Economic Planning in India

First five year plan was based on which model?

Harrod-Domar Model

What do you mean by Three annual plan?

There was no long-term planning in these 3 years so it is known as Plan holiday. The emphasis was on agriculture. The Green Revolution was pioneered during this period. Planning restarted in 1969 after the economy stabilised during annual plans.

What is rolling plan?

It is called a Rolling Plan because there were 2 Plans, one by the Janata Party Government which was in operation for 2 years and the second by the Congress Government when it returned to power in 1980.

Jawahar Rozgar Yojana was launched under which plan?

Seventh five year plan (1985-90)

What was the main motto of twelfth five year plan?

Its motto is “faster, sustainable and more inclusive growth”. It emphasis is on inclusive development focusing on agriculture and crucial social sectors including health, education, women and children.It is the last 5-year plan.