entrepreneurship 5yr plan
TRANSCRIPT
-
8/2/2019 Entrepreneurship 5yr Plan
1/24
-
8/2/2019 Entrepreneurship 5yr Plan
2/24
In the second world war almost all the countries of the world faced a lot of
destruction. They had to face the ravage of many new problems coming out of
war. So, just before the war was over, the Government thought of post-war
reconstruction in their respective countries.
The British Government of India also had such a plan for India. Moreover,India was an undeveloped country. After the freedom, the national
Government of India wanted to uplift it through proper planning. So, the
Government of India introduced five-year plans. The first five-year plan
included almost all the recommendations of the post-war reconstruction
scheme. These five-year plans are approved by the National Planning
Commission.
The Planning Commission was set up in March, 1950. The draft of the first
five-year plan was published in July 1951 and it was approved in December
1951.
-
8/2/2019 Entrepreneurship 5yr Plan
3/24
Why 5 Year Plan: Planning without an objective is like driving without any destination.
There are generally two sets of objectives for planning, namely the short-
term objectives and the long-term objectives. While the short-term
objectives vary from plan to plan, depending on the immediate problems
faced by the economy, the process of planning is inspired by certain long
term objectives. In case of our Five Year plans, the long-term objectives
are:
(i) A high rate of growth with a view to improvement in standard of living.
(ii) Economic self-reliance;
(iii) Social justice and
(iv) Modernization of the economy
(v) Economic stability
-
8/2/2019 Entrepreneurship 5yr Plan
4/24
How It Affects Our Economy: The Economy of India is the ninth largest in the world by
nominal GDP and the third largest by purchasing power
parity (PPP).
The country is one of the G-20 major economies and a
member of BRICS. In 2011, the country's GDP per capita
(PPP) was $3,703 IMF, 127th in the world,
Thus making a lower-middle income economy. The economy
of India is based in part on planning through its five-year
plans, which are developed, executed and monitored by the
planning Commission. The tenth plan completed its term inMarch 2007 and the eleventh plan is currently underway.
-
8/2/2019 Entrepreneurship 5yr Plan
5/24
How It Affects Our Entrepreneurship:: Every 5 year Plan has some changes in policies,
-
8/2/2019 Entrepreneurship 5yr Plan
6/24
First Five Year Plan(1951-55)
Total budget: 206.8 billion (INR) or USD$23.6 billion.
Objectives the standard of living
Community and agriculture
development Energy and irrigation
Communications andtransport
Industry
Land rehabilitation Social services
Target of GDP growth 2.1 peryear
Achieved had been 3.6% per
year
ACHIEVEMENTS
GDP 3.6% per year
Evolution of good irrigationsystem
improvement in roads
civil aviation
railways
Telegraphs
posts
manufacture of fertilizers
electrical equipment
-
8/2/2019 Entrepreneurship 5yr Plan
7/24
Disadvantages
development of only a few industries
private industry had not developed
-
8/2/2019 Entrepreneurship 5yr Plan
8/24
Second Five Year Plan
(1956-1961)
OBJECTIVES To increase by 25% the national
income To make the country more
industrialized To increase employment
opportunities so that every citizengets a job
Development of Mining and industry Community and agriculture
development Power and irrigation Social services Communications and transport Miscellaneous
ACHIEVEMENTS
5 steel plants
a hydro-electric power project
production of coal increased
more railway lines
Land reform measures
improved the living standards ofthe people
The large enterprises inseventeen industries werenationalized
-
8/2/2019 Entrepreneurship 5yr Plan
9/24
Disadvantages eliminate the importation of consumer
goods
high tariffs
Low quotas or banning some items
altogether License were required for starting new
companies
This is when India got its License Raj, the
bureaucratic control over the economy When a business was losing money the
Government would prevent them fromshutting down
-
8/2/2019 Entrepreneurship 5yr Plan
10/24
OBJECTIVES More stress to agriculture
subsidies
Sufficient help
Effective use of country's resources To increase the national income by
5% per year
To increase the production ofagriculture so that the nation is selfsufficient in food grains
To provide employment opportunitiesfor every citizen of the country
To establish equality among all thepeople of the country
Third Five Year Plan
(1961-1966)
ACHIEVEMENTS Decentralization
Organizations formed Panchayat
Zila Parishads
Laid emphasis on oil conservation irrigation
Afforestation
dry farming
Many fertilizer and cement plants
were built Green Revolution
PMs
Jawaharlal Nehru
Gulzarilal Nanda
Lal Bahadur Shastri
-
8/2/2019 Entrepreneurship 5yr Plan
11/24
Problems faced
Sino Indian War, India witnessedincrease in price of products. Theresulting inflation
-
8/2/2019 Entrepreneurship 5yr Plan
12/24
4th Five Year Plan(1969 to 1974)
OBJECTIVES
to reform and restructuregovts expenditureagenda( defensebecame one major
expense) To facilitated growth in
exports
to alter the socioeconomic structure ofthe society
ACHIEVEMENTS
Great advancement hasbeen made with regardto India's nationalincome
considered as one of theemerging powers
served as a stepping
stone for the economicgrowth
Food grains productionincreased
-
8/2/2019 Entrepreneurship 5yr Plan
13/24
problems
a gap was created between the peopleof the rural areas and those of the urbanareas.
Due to recession, famine and drought,India did not pay much heed to longterm goals
-
8/2/2019 Entrepreneurship 5yr Plan
14/24
Fifth Five Year Plan1974 to1979
OBJECTIVES To reduce social, regional,
and economic disparities
To enhance agriculturalproductivity
To check rural and urbanunemployment
To encourage self-employment
Production support policies
in the cottage industrysector
To develop labor intensivetechnological improvements
PROBLEMS The international economy
was in a trouble
Food, oil, and fertilizerswhere prices sky-rocketed
Several inflationarypressures
ACHIEVEMENTS Food grain production was
above 118 million tons due tothe improvement ofinfrastructural facilities
Bombay High had shot up thecommercial production of oil inIndia
-
8/2/2019 Entrepreneurship 5yr Plan
15/24
Problems faced
The world economy was in atroublesome state
This had a negative impact on the Indian
economy
Prices in the energy and food sectorskyrocketed and as a consequence
inflation became inevitable
-
8/2/2019 Entrepreneurship 5yr Plan
16/24
Sixth Five Year Plan1980 to1985
OBJECTIVES To improve productivity level
To initiate modernization forachieving economic andtechnological self-reliance
To control poverty andunemployment
To develop indigenous energysources and efficient energyusage
To promote improved quality oflife of the citizens
To introduce Minimum NeedsProgram for the poor
To initiate Family Planning
ACHIEVEMENTS
Speedy industrialdevelopment
Emphasis on the information
technology sector self sufficiency in food
science and technology alsomade a significant advance
several successful programs
on improvement of publichealth
government in the Indianhealthcare sector
Government investments inthe Indian healthcare sector
-
8/2/2019 Entrepreneurship 5yr Plan
17/24
Problems faced
During this time the Prime Minister wasRajiv Gandhi and hence industrialdevelopment was the emphasis of this plan
some opposed it specially the communistgroups, this slowed down the pace ofprogress.
S th Fi Y Pl
-
8/2/2019 Entrepreneurship 5yr Plan
18/24
Seventh Five Year Plan1985 to 1989
OBJECTIVES
Anti-poverty program Improved facilities for education
to girls The government undertook to
increase productivity of
Oilseeds,Fruits,Vegetables
Pulses,cereals,Fish
Egg,Meat,milk.
Communications
Emergence of informatics, andhooking up of
telecommunications withcomputers
Transport
inland waterways, productpipelines, civil aviation, coastal
shipping
ACHIEVEMENTS
Social Justice Removal of oppression of
the week
Using modern technology
Agricultural development
Anti-poverty programs
Full supply of food,clothing, and shelter
Increasing productivity of
small and large scalefarmers
Making India anIndependent Economy
-
8/2/2019 Entrepreneurship 5yr Plan
19/24
Problems
1989-91 was a period of politicalinstability in India and hence no five yearplan was implemented
In 1991, India faced a crisis in foreignexchange(Forex) reserves
Ei hth Fi Y Pl
http://en.wikipedia.org/wiki/Foreign_Exchangehttp://en.wikipedia.org/wiki/Foreign_Exchange -
8/2/2019 Entrepreneurship 5yr Plan
20/24
Eighth Five Year Plan1992 to1997
OBJECTIVES Prioritize the specific sectors which
requires immediate investment
To generate full scale employment
Promote social welfare measureslike improved healthcare, sanitation,communication and provision for
extensive education facilities at alllevels
To check the increasing populationgrowth by creating mass awarenessprograms
To encourage growth anddiversification of agriculture
To strengthen the infrastructuralfacilities
To place greater emphasis on roleof private initiative in the
development of the industrial sector
ACHIEVEMENTS Rise in the employment level
Poverty reduction
Self-reliance on domesticresources
Self-sufficiency in
agricultural production GDP Growth Per Annum
5.6
-
8/2/2019 Entrepreneurship 5yr Plan
21/24
ACHIEVEMENTS
Rise in the employment level
Poverty reduction
Self-reliance on domestic resources
Self-sufficiency in agricultural production
GDP Growth Per Annum 5.6
-
8/2/2019 Entrepreneurship 5yr Plan
22/24
Ninth Five Year Plan1997 to 2002
OBJECTIVES to prioritize rural development to generate adequate
employment opportunities to stabilize the prices to ensure food and nutritional
security to provide for the basic
infrastructural facilities likeeducation for all, safe drinkingwater, primary health care,transport, energy
to check the growingpopulation increase
to encourage social issueslike women empowerment
to create a liberal market forincrease in privateinvestments
ACHIEVEMENTS
A combined effort of public,private, and all levels ofgovernment
ensured the growth of India'seconomy.
Service sector showed fastgrowth rate
T th Fi Y Pl
-
8/2/2019 Entrepreneurship 5yr Plan
23/24
Tenth Five Year Plan(2002-2007)
OBJECTIVES To transform the country into the fastest growing economy of the world targets an annual economic growth of 10%
Human and social development
The social net
Industry and services:Industry,Minerals,Energy,Information technology,Tourism,Realestate,Construction,Internal trade
Forests and environment
Science and technology
Special area programs
schooling to be compulsory for children
-
8/2/2019 Entrepreneurship 5yr Plan
24/24
Eleventh five year plan
OBJECTIVES Income & Poverty
Education
HealthWomen and Children
Infrastructure
Environment