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Tenth Five Year Plan Overview

The document discusses the Tenth Five Year Plan formulated by the Planning Commission of India. The Plan aims to achieve ambitious targets of doubling per capita income within 10 years and creating 100 million new jobs during that period. It proposes an average GDP growth target of 8% for 2002-2007 as the first step towards doubling income by 2012. In addition to economic growth, the Plan recognizes the importance of human development targets for poverty reduction, employment, and social and environmental indicators. The various targets are interlinked - high growth is needed to provide jobs and raise incomes, while improvements in human development are essential for sustainable growth over the long run. The Plan aims to weave these interconnected strands into a cohesive national strategy to maximize human development

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Dharmesh Mistry
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13 views2 pages

Tenth Five Year Plan Overview

The document discusses the Tenth Five Year Plan formulated by the Planning Commission of India. The Plan aims to achieve ambitious targets of doubling per capita income within 10 years and creating 100 million new jobs during that period. It proposes an average GDP growth target of 8% for 2002-2007 as the first step towards doubling income by 2012. In addition to economic growth, the Plan recognizes the importance of human development targets for poverty reduction, employment, and social and environmental indicators. The various targets are interlinked - high growth is needed to provide jobs and raise incomes, while improvements in human development are essential for sustainable growth over the long run. The Plan aims to weave these interconnected strands into a cohesive national strategy to maximize human development

Uploaded by

Dharmesh Mistry
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

Managerial Economics

Appendix 2
Tenth Five Year Plan: Planning Commission Government of India OVERVIEW 1. The Tenth Five Year Plan has been formulated in the context of the Prime Ministers vision of doubling per capita income in the country within the next ten years, and also of creating 100 million employment opportunities during the same period. These are certainly ambitious targets, especially in view of the fact that GDP growth has decelerated to below 6 per cent at present and the pace of work creation has slowed down to 1.1 per cent per annum during the latter half of the 1990s.

Nevertheless, it is believed that the Indian economy does possess the potential to realise these targets, provided that appropriate policy and programmatic interventions are carried out within the specified time frames. 2. The Approach Paper had proposed that the Tenth Plan should aim at an indicative target of 8 per cent average GDP growth for the period 2002-07 as the first step towards achieving the ultimate aim of doubling per capita income by 2012.

This will require the growth rate to accelerate further to 9.3 per cent per year during the Eleventh Plan period. The National Development Council (NDC) affirmed its faith in the latent potentialities of the Indian economy by approving the 8 per cent growth target for the Tenth Plan period. 3. The Approach Paper also recognised that economic growth cannot be the only objective of national planning, and development objectives should be specified in the broader sense of enhancement of human well-being. To reflect the importance of these dimensions in development planning, the NDC has approved that, in addition to the 8 per cent growth target, certain additional quantifiable targets relating to poverty, employment, social and environmental indicators should also be considered as being central to the attainment of the objectives of the Plan. It is important to emphasise that these human development-related targets of the Plan, which are extremely important and are being introduced for the first time in Indian planning, are intimately linked to the growth objectives, and attainment of one may not be possible without the attainment of the others. For example, high rates of growth are essential if we want to provide a suf ficient expansion of sustainable gainful employment opportunities to our expanding labour force and to ensure a sufficient increase in incomes of the poor and the disadvantaged. It is equally true that high growth rates may not be sustainable if they are not accompanied by a dispersion of purchasing power, which can provide the demand needed to support the increase in output. Similarly, improvements in social and environmental indicators are essential for the sustainability of the growth process; the latter provides the resources for undertaking the necessary investments for the former.

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Apendix 2

5.

Furthermore, there are cross-linkages that exist within the set of social and environmental indicators, which need to be given due recognition. For instance, environmental degradation can have serious consequences on the health status of the population; while environmental protection and rejuvenation will be difficult without the awareness that is brought about through education. The essence of planning is to weave all these seemingly disparate strands into a cohesive and well-knit strategy so that the various cross linkages operate in a synergistic manner in order to attain the ultimate objective of all development initiatives namely human development. Conceptually, the aggregative objectives and targets that are set for the nation can be thought as being comprised of two sets of sub-targets across sectors and across regions which are consistent with the aggregates. Thus, there are at least three broad dimensions in which a Plan needs to be presented the national aggregates, the sectoral requirements, and the state-wise distributions. Furthermore, the conduct of policies and design of programmes for attaining the targets must also reflect this tridimensionality.

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