What was the duration of 11th Five Year Plan in India?

What was the duration of 11th Five Year Plan in India?

Eleventh Five Year Plan: Its duration was from 2007 to 2012, under the leadership of Manmohan Singh. II. It was prepared by the C. Rangarajan.

What is the goal of 11th five year plan?

Objectives: The Eleventh Five Year Plan aims to achieve improved quality of life for the citizens of the state and contribute to the larger national goals of socio-economic development. This will require faster and more equitable social and economic development of the state.

Who prepared the 11th Five Plan of India?

Mr. K. Kasturirajan

What is the theme of 11th Five Plan of India?

Notes: The theme of the approach paper of the eleventh five year plan has been ‘towards faster and more inclusive growth’. The eleventh five year plan was operational during the time period of 2007-2012. It gave main thrust on social sector, agriculture and rural development. It aims to reduce the level of poverty.

What is the average rate of growth of the Indian economy during the 11th Plan period?

8 per cent

Who is known as the father of Indian planning?

Mokshagundam Vishweswaraiah

In which Plan India opted for mixed economy?

fourth Five Year Plan

Why is India a mixed economy?

Historical Development of India’s Economy In 1991, India began to loosen its economic restrictions and an increased level of liberalization led to growth in the country’s private sector. Today, India is considered a mixed economy: the private and public-sectors co-exist and the country leverages international trade.

What is the rank of Indian economy in the world?

It is the world’s sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 145th by GDP (nominal) and 122th by GDP (PPP).

Why did India opted for mixed economy?

When the public sector became unable to provide sufficient services to economy and it lacked funds to finance heavy industries the Government needed to remove all licences etc to let the private sector enter these fields. Hence, India opted for Mixed economy.

Who is the father of mixed economy?

Adam Smith was an 18th-century Scottish economist, philosopher, and author, and is considered the father of modern economics.

What concept of planning was finally adopted by India?

After India achieved independence, a formal model of planning was adopted, and accordingly the Planning Commission, reporting directly to the Prime Minister of India, was established on 15 March 1950, with Prime Minister Jawaharlal Nehru as the Chairman.

What challenges are faced by India in employment generation?

Potential issues such as depressed wages, low productivity, and economic insecurity need to be managed through new policy frameworks. A changing global economic environment, structural changes to the Indian economy and digital transformations have the potential to greatly exacerbate the employment challenge.

How can we improve employment situation in India?

How to create more employment

1. Diversification of Agriculture :
2. Cheap Credit :
3. Provision of basic facilities :
4. Promotion of local industries :
5. Improvement in Education & Health :
6. Tourism or regional craft industry, or new services like IT require proper planning and support from the government.