Question
Download Solution PDFSelect the correct statement/s from the following.
i. In the Tenth Plan period, the Indian economy grew at 7.7% per year.
ii. The targeted growth for the Eleventh Five Year Plan was 9% per year.
iii. In the Ninth Plan period, India realised a growth of 7.5% per year.
Answer (Detailed Solution Below)
Detailed Solution
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Key Points
- In the Tenth Plan period, the Indian economy grew at 7.7% per year.
- The targeted growth for the Eleventh Five Year Plan was 9% per year.
- However, the statement regarding the Ninth Plan period realizing a growth of 7.5% per year is incorrect.
Additional Information
- The Ninth Five Year Plan period in India was from 1997 to 2002.
- The primary focus of the Ninth Plan was on improving the quality of life for the people, with a significant emphasis on the social sector.
- The actual growth rate achieved during the Ninth Plan period was 5.5%, which was below the targeted growth rate.
- Five Year Plans in India are a centralized and integrated national economic program, and they play a crucial role in guiding the country's economic development.
- Each Five Year Plan is formulated, executed, and monitored by the Planning Commission of India, which was replaced by the NITI Aayog in 2015.
Last updated on Jun 17, 2025
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