Raghunadhabhatla Vijay is teaching live on Unacademy Plus
Seventh Five Year plan(1985-1989) The thrust areas of the 7th Five year plan have been enlisted below: Social Justice Introduction and application of modern technology Agricultural development Anti-poverty programs Assuring the essentials of food, shelter and clothing to the people Increasing productivity of small and large scale farmers Making India an Independent Economy
What Was Achieved? India strove to bring about a self-sustained economy in the country with valuable contributions from voluntary agencies and the general populace. tablish a harmon contained in an economy. Spread education among girls, enhance telecommunication within the country. The government of India also strove to maintain a balance in the economy and by striking a balance within export and import.
Period between 1989-91 In 1991, India faced a crisis in Foreign Exchange (Forex) reserves P.V. Narasimha Rao was the twelfth Prime Minister, and led the most important administrations in India's modern history overseeing a major economic transformation and several incidents affecting national security. Dr. Manmohan Singh launched India's free market reforms that brought the nearly bankrupt nation back from the edge. It was the beginning of privatisation and liberalisation in India
Eight Five Year plan(1992-1997) This plan can be termed as Rao and Manmohan model of Economic development Objective Modernization of industries was a major highlight of the Eighth Plan Containing population growth, poverty reduction. Employment generation, strengthening the infrastructure, Institutional building. Human Resource development
What Was Achieved? Production of food increased to 176.22 million from 51 million which was a huge in comparison to the previous years. Energy wa s given priority with 26.6% of the outlay. India became a member of the World Trade Organization on 1 January 1995 An average annual growth rate of 6.7% against the target 5.6% was achieved.
About Me My Self VIJAY RAGHUNADHABHATLA Verified And Top Educator@Unacademy APPSC/TSPSC Did More Than 350 Lessons Follow Rate Review and Recommend