abhishreshthaa
Abhijeet S
The first five year plan aimed at increasing the national income at the rate of 2.1 percent per capital income at the rate of 0.9percent per annum. As against this the actual achievements were 3.6percent per annum and 1.8 percent per annum respectively.
The second plan aimed at the national income at the compound annual rate of 4.5 percent per annum and per capita income at 3.3 percent. However, annual growth rate was4.1percent in the later.
The third plan kept the target of increase in the national income at 5.6 percent per annum and for pre capita income at 3.2 percent per annuam. As against this national income rose by mere2.5 percent per annum while per capita income rose by a mere 0.2 per capita per annum. The forth plan kept the target for increasing in national income at 5.7 per cent per annuam, while actual achievements was merely 3.3 percent.
The draft fifth year plan proposed a rate of growth of 5.5 percent per annum (revised to 4.37 percent per annum. Later on when the actual rater of growth was approximately 5.0 percent per annum.
1979-80 was a year of negative growth; keeping in view the fact that national income had declined by 6.0 percent in 1979-80. and 5.3 percent per annuam increase in NNP under the sixth plan cannot be considered and impressive performance by any standard.
During the seventh plan national income registered a important growth of 5.9 percent. However, in 1990-91 and silver economics crisis development and in the following year there was virtually no growth.
The government thus introduced economic reforms to restore the health of economy. The rate of increase in national income in the six year period since 1990-91 which included the eight plan however remained a modest 5.6 percent per annum.
Over all, the performance of the Indian economy during the planning period look and gather dismal as in this period per capita income rose at a extra low rates of 1.97 percent per annum.
The growth plan for the 9th plan was fixed at 6.5 percent per annum, the sect oral structure of growth corresponding to this target, and the employment elasticity foe different sectors given.
The planning commission to estimate the increase in work opportunity in different sectors during the plan period. As would be clear the 423.4 million in the labor force, 416.4 million is expected to be employed in 9th plan (annual average) giving unemployment as 7 million (annual average).
The same under the eight plan. As a result the unemployment rate is expected to fall form 1.87percentm during the 8th plan to 1.66 percent in the 9th plan.
According to the planning commission attainment of nearful employment by the year 2007 may not be in unreasonable target provided that the conditions are created foe further accelerations in the growth rate and the intensity of labor absorptions is not substantial reduced both secretarially and in terms of the secretarial and in the term of all the secretarial sector of growth.
“It is estimated that full employment by2007 is contingent upon acceleration in growth of employment it in post Ninth period to 2.8 percent compared to a raised growth of 2.36 percent(1970-94) and projected at 2.44 percent in the ninth plan. This would require GDP to grow at 7.7 percent per annum during the post plan which is well within the rate of feasibility”
The second plan aimed at the national income at the compound annual rate of 4.5 percent per annum and per capita income at 3.3 percent. However, annual growth rate was4.1percent in the later.
The third plan kept the target of increase in the national income at 5.6 percent per annum and for pre capita income at 3.2 percent per annuam. As against this national income rose by mere2.5 percent per annum while per capita income rose by a mere 0.2 per capita per annum. The forth plan kept the target for increasing in national income at 5.7 per cent per annuam, while actual achievements was merely 3.3 percent.
The draft fifth year plan proposed a rate of growth of 5.5 percent per annum (revised to 4.37 percent per annum. Later on when the actual rater of growth was approximately 5.0 percent per annum.
1979-80 was a year of negative growth; keeping in view the fact that national income had declined by 6.0 percent in 1979-80. and 5.3 percent per annuam increase in NNP under the sixth plan cannot be considered and impressive performance by any standard.
During the seventh plan national income registered a important growth of 5.9 percent. However, in 1990-91 and silver economics crisis development and in the following year there was virtually no growth.
The government thus introduced economic reforms to restore the health of economy. The rate of increase in national income in the six year period since 1990-91 which included the eight plan however remained a modest 5.6 percent per annum.
Over all, the performance of the Indian economy during the planning period look and gather dismal as in this period per capita income rose at a extra low rates of 1.97 percent per annum.
The growth plan for the 9th plan was fixed at 6.5 percent per annum, the sect oral structure of growth corresponding to this target, and the employment elasticity foe different sectors given.
The planning commission to estimate the increase in work opportunity in different sectors during the plan period. As would be clear the 423.4 million in the labor force, 416.4 million is expected to be employed in 9th plan (annual average) giving unemployment as 7 million (annual average).
The same under the eight plan. As a result the unemployment rate is expected to fall form 1.87percentm during the 8th plan to 1.66 percent in the 9th plan.
According to the planning commission attainment of nearful employment by the year 2007 may not be in unreasonable target provided that the conditions are created foe further accelerations in the growth rate and the intensity of labor absorptions is not substantial reduced both secretarially and in terms of the secretarial and in the term of all the secretarial sector of growth.
“It is estimated that full employment by2007 is contingent upon acceleration in growth of employment it in post Ninth period to 2.8 percent compared to a raised growth of 2.36 percent(1970-94) and projected at 2.44 percent in the ninth plan. This would require GDP to grow at 7.7 percent per annum during the post plan which is well within the rate of feasibility”