Raghunadhabhatla Vijay is teaching live on Unacademy Plus
INTRODUCTION TO ELEVENTH FIVE YEAR PLAN India has entered the Eleventh Plan period with an impressive record of economic growth After a lackluster performance in the Ninth Plan period (1997-98 to 2001-02), when gross domestic product (GDP) grew at only 5.5% per annum, the economy accelerated in the Tenth Plan period (2002-03 to 2006-07) to record an average growth of 7.7%, the highest in any Plan period so far. Besides, there was acceleration even within the Tenth Plan period and the growth rate in the last four years of the Plan has averaged 8.7%, making India one of the fastest growing economies in the world Eleventh Five Year Plan INCLUSIVE GRONTH
Eleventh Five Year Plan (2007-2012) Objective Objective to increase GDP growth to 10%. Increase agricultural GDP growth to 4% per year to ensure a wider spread of benefits. - Create 70 million new work opportunities. Augment minimum standards of education in primary school. Reduce infant mortality rate to 28 and malnutrition among children of age group 0-3 to half of its present level. Ensure electricity connection to all villages and increase forest and tree cover by five percentage points.
Twelfth Plan Strategy There are Short Term and Medium Term Challenges * Short Term: Reverse the current growth slowdown: 5.5 percent in 2012-13, Aim for 6.5 to 7 percent in 2013-14 Longer Term : Get back to high growth. This requires accelerating from 5.5% in 2012-13 to over 9% in last two years This is very difficult, especially given the global situation
Conclusions Lack of consistency. Monsoon-a dominant factor. a Modest growth rate. o Foreign capital. Less impressive Objectives remain unfulfilled.
About Me My Self VIJAY RAGHUNADHABHATLA Verified And Top Educator@Unacademy APPSC/TSPSC Did More Than 350 Lessons Follow Rate Review and Recommend