Governance

India to bid adieu to Five Year Plans

The country will still have Plan documents but they would not adhere to a five year time period

 
By Jitendra
Last Updated: Friday 22 January 2016 | 09:03:52 AM

The Planning Commission was formed in 1950 to implement the Five Year Plans. Here is a meeting of the Commission in 1957 Credit: Wikimedia Commons

After abolishing the Planning Commission of India, the Narendra Modi government is now readying to say good bye to Five Yearly Planning (FYP) too.

The Five Year Plan is a centralised and integrating national economic programme adopted soon after independence.

Currently, the country has is following the 12th Five Year Plan for the period 2012-2017.

Sources close to the development claim that the government has made up its mind to continue with only Plan documents that would not adhere to a five yearly cycle.

“There would be some kind of documents but they would not necessarily stick to five yearly cycles. The decision over what shape the document will have has not yet been taken,” the sources said.

The government will soon direct the Niti Ayog for the preparation of plan documents.

“The preparation for Plan document would be started soon as the ongoing 12th Five Year Plan is going to end in 2017. It is quite clear that the government will not stick to five yearly cycles, but you cannot have a vacuum either,” he adds.

Origin of Five Year Plan

FYP was first adopted by the erstwhile Soviet Union (USSR), which was later followed by many countries especially those that were communist or socialist.

India’s first Prime Minister, Pandit Jawaharlal Nehru, was also influenced by the Soviet model of centralised planning, and adopted the model after getting independence in 1947. For the preparation of FYP, the Planning Commission was set up in March 1950 through a Cabinet decision.

Since 1951, the country has seen 12 Five Year Plans.

Subscribe to Weekly Newsletter :

Related Story:

Health goals of 11th Five-Year Plan unmet. 12th Plan hopes to achieve them

The new CMP five-year plan

Is the government going to scrap the 12th Five Year Plan?

12th Five Year Plan to spend highest ever on development

We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.

Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.