The Five Year Plans- 2 | Indian Economy for UPSC CSE PDF Download

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• trade balance deteriorated sharply

• development

• The Eighth Plan : (1992-97)

• Distinguishing features

• 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

• response

• emerging crisis

• 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