Eleventh Five-Year Plan

The Eleventh FiveYear Plan is an important document in the socioeconomic development of our country. The main aim of this plan is to achieve sustainable and inclusive growth by promoting reforms in various sectors. The objectives of the Eleventh Five Year Plan are to eradicate poverty, provide employment opportunities, promote education and health care, and increase agricultural productivity. The Achievements of the Eleventh Five Year Plan are commendable, and we look forward to continuing this progress in the Twelfth Five Year Plan.

What is the Eleventh Five Year Plan?

Eleventh Five Year Plan is the economic and development plan of India for the period 2007–2012. The plan was launched by the then Prime Minister of India, Dr Manmohan Singh, on December 18, 2007. The 11th FYP focused on infrastructure development with an investment target of US$500 billion. The main aim of the 11th fiveyear plan is to achieve faster, sustainable and more inclusive growth.

The Main Aim of the Eleventh Five Year Plan

• To create employment opportunities for an additional 70 million people by 2012:  The Eleventh Plan proposes to create nearly 58 million jobs that aim to reduce unemployment by 5 per cent by the time the eleventh fie year plans come to an end.
• To improve the quality of life of all citizens, with a special focus on women and children. The Plan proposes to raise the rate of economic growth to an average of about eight per cent per year during the Eleventh Plan period.
• To reduce the incidence of poverty by at least ten percentage points. The Plan sets the poverty alleviation target of reducing the headcount ratio of people living below the poverty line.
• To reduce regional imbalances in income and development. The Plan seeks to correct the regional imbalances by providing for the accelerated and more equitable development of backward States and regions.
• To make India a global knowledge economy. The Eleventh Plan proposes to raise the level of investment in education and research and development (R&D) to at least six per cent of GDP.
• To provide the infrastructure that is at par with international standards. The Plan proposes an investment of over Rs 24 lakh crore, which is near twice the investment made during the Tenth Plan.
• To build a clean and energyefficient economy. The Plan proposes to increase the share of renewable energy in the total energy mix.
• To ensure environmental sustainability. The Plan proposes to increase forest and tree cover, and also to take steps to improve the quality of air and water.
• To ensure inclusive growth. The Plan proposes to focus on the development of Scheduled Tribes, Scheduled Castes, Other Backward Classes, minority communities and women.
• To make India a global economic power.
• To develop worldclass infrastructure. The Eleventh Five Year Plan is also committed to achieving the Millennium Development Goals.

The main aim of the 11th fiveyear plan is to achieve rapid economic growth. The plan targets an annual growth rate of between and per cent over the five years. The other objectives of the 11th Five Year Plan are to create employment opportunities, reduce poverty and regional imbalances, improve the quality of life and make India a global knowledge economy. 

The 11th  Five Year Plan Achievements

The 11th Five Year Plan Acchievemets can be determined through various factors such as the service sector, transport sector,

Service Sector: During this 11th fiveyear plan the service sector witnessed a growth rate of  9.7 per cent. The sector comprises various activities like trade, hotels and restaurants, transport, storage, communication, insurance, real estate, business services, community, social and personal services. The sector plays an important role in the economy as it helps to generate employment opportunities and also provides services to other sectors. The sectoral composition of the economy has changed over the years and now the service sector contributes more than half of the GDP.

Transport, storage communication sector: In the year 200708 the hotel, transport, trade sector had a tremendous growth amounting to 10.7 per cent and in 200809 the growth was calculated as 7.6 per cent.  The sector comprises various activities like trade, hotels and restaurants, transport, storage and communication. The transport sector provides services to other sectors and also helps in the movement of goods and people. The sector plays an important role in the economy as it helps to generate employment opportunities.

Apart from the above achievements the achievements was witnessed in the education sector, price behaviours, health sector like the various programme was launched. The main aim of the 11th fiveyear plan was not completely achieved but it can be said that the target was achieved to the large extent.

Conclusion

The Eleventh FiveYear Plan was a resounding success in many respects. The main aim of the 11th fiveyear plan was to bring about an inclusive growth that would benefit all sections of society, and this was largely achieved. The Eleventh FiveYear Plan objectives were also met in most cases, with impressive achievements in areas such as infrastructure development, education, and health. The Eleventh FiveYear Plan was a crucial period in the history of India’s development, and it laid the foundation for the country’s continued progress in the years to come. Thank you for reading! I hope this article helps you to understand the main aim of the 11th fiveyear plan.