trade balance deteriorated sharply
The Eighth Plan : (1992-97)
recognises human development as the core of all developmental effort for only healthy and educated people can contribute to economic growth which, in turn, will contribute to human well-being.
essential need to involve people in the process of developmen
people must be operative and the government must cooperate
outlays in the public sector are financed by budgetary support and domestic and foreign borrowings.
social security net through employment generation, improved health care and provision of extensive education facilities throughout the country.
Universalisation of elementary education and complete eradication of illiteracy among the people in the age group of 15 to 35 years.
Provision of safe drinking water and primary health care facilities, including immunisation, accessible to all the villages and the entire population, and complete elimination of scavenging
The Ninth Plan : (1997-2002)
Gulf War in 1990
remittances from Indian workers in the Gulf also went down
Government initiated a series of stabilisation measures to bring the situation under control
initiated a process of structural reforms in trade and industrial policies in 1991
measures included dismantling the licensing of domestic investment, removing much of the controls on foreign trade
set-backs suffered by the economy in 1990-91 and 1991-92
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