Which 5 year plan is currently on

Despite the creepy association with the Red Menace, five-year strategic plans still have fans in the corporate world. The rise and fall of five-year planning are a drama that plays in yes five acts: the 19th-century British prologue, the Stalinist apogee of the s, the postwar global diffusion of the idea, the rise of skepticism and the drift into more heterogeneous planning horizons with goals beyond economic growth.

And its on-again, off-again vogue is testament to the ambiguities of running large economic organizations in an era of both rapid technological transition and resistance to central planning.

It is unfair to give Joseph Stalin sole credit or, to many observers, blame for this now-ubiquitous meme. The historian William H. McNeill traces it to a supplementary naval appropriations bill of enacted after one of the first successful efforts by sensationalist journalists to create a war scare. McNeill argues that from the start of five-year planning, military preparedness was linked with economic growth and popular support.

In the same year, he points out, all property-ownership qualifications for voters still all male were eliminated. The arms buildup was popular with industrialists and workers alike. The Conservatives, learning from this success, supported their own five-year plan in , and a third plan followed with bipartisan support in To be sure, such planning had its limits in a democracy that had deep traditions of decentralized markets.

But planning was plainly on the ascendancy in an era of rising nationalism and empire-building in Europe. The broader consequences were predictable if disheartening. It took America a little longer to join in.

But in the United States launched its own five-year naval expansion program as the threat of war grew after the sinking of the Lusitania. But there is no evidence that future Soviet leaders had been following Western military affairs when they were preoccupied with plotting a domestic proletarian uprising. Carr and R. Davies devote dozens of pages to the deliberations of the Communist planning bureaucracy Gosplan in the mids. Above all, it typically took five years to complete major infrastructure projects like railroads and irrigation systems, not to mention power plants and 20th-century-scale factories.

British governments had come to the same conclusion about mines, steel mills, foundries and shipyards. Similar material challenges probably led independently to similar time frames. Just as 19th-century Britain had to anticipate naval warfare with France, Russia and, later, Imperial Germany, Stalin feared an attack by newly independent Poland, which he worried would be supported by Western European allies.

It had a terrible logic. Building military-industrial prowess demanded the expansion of the urban industrial proletariat, the designated Marxist vanguard of progress. Stalin considered traditional Russian and Ukrainian agriculture hopelessly backward.

But faced with what amounted to a zero-sum game in an economy with little capital to spare and no way to borrow abroad, Stalin sacrificed the peasants. To feed a growing urban work force and to earn foreign exchange for machinery imports, the plan called for rapid collectivization and mechanization of farming — and an unprecedented requisition of grain and other foodstuffs. In practice, many far-fromwealthy peasants were also persecuted and dispossessed.

Rural resistance led to the mobilization of industrial workers as violent enforcers of the new policy in the countryside. As later in Nazi Germany, forced labor by enemies of the state became a foundation of public works and military might. In scapegoating the innocent, Stalin intimidated the survivors while recruiting new slave laborers among those who were not executed.

During this plan, annual plans were made and equal priority was given to agriculture its allied sectors and the industry sector. In a bid to increase the exports in the country, the government declared devaluation of the rupee. Its duration was from to , under the leadership of Indira Gandhi.

There were two main objectives of this plan i. During this time, 14 major Indian banks were nationalized and the Green Revolution was started.

This plan focussed on Garibi Hatao, employment, justice, agricultural production and defence. This plan was terminated in by the newly elected Moraji Desai government. After the termination of the fifth Five Year Plan, the Rolling Plan came into effect from to Three plans were introduced under the Rolling plan: 1 For the budget of the present year 2 this plan was for a fixed number of years-- 3,4 or 5 3 Perspective plan for long terms-- 10, 15 or 20 years.

The plan has several advantages as the targets could be mended and projects, allocations, etc. This means that if the targets can be amended each year, it would be difficult to achieve the targets and will result in destabilization in the Indian economy. The basic objective of this plan was economic liberalization by eradicating poverty and achieving technological self-reliance.

Its duration was from to , under the leadership of Rajiv Gandhi. The objectives of this plan include the establishment of a self-sufficient economy, opportunities for productive employment, and up-gradation of technology.

For the first time, the private sector got priority over the public sector. Eighth Five Year Plan could not take place due to the volatile political situation at the centre.

Its duration was from to , under the leadership of P. Narasimha Rao. In this plan, the top priority was given to the development of human resources i. During this plan, Narasimha Rao Govt. Some of the main economic outcomes during the eighth plan period were rapid economic growth highest annual growth rate so far — 6.

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I understand that some functions will not be available. In this article The 14th five-year plan draws the policy map Tech remains the key focus Green also contributes to high-quality growth Implementation is the focus. China's President, Xi Jinping, on a big screen in a Beijing shopping centre. The 14th five-year plan draws the policy map It is very important to read and understand the next Chinese five-year plan correctly.

Tech remains the key focus The new plan has a dedicated section for technology development and the clear objective is for China to become self-reliant on tech development, create and innovate in this area and build on talent too. The new plan has a dedicated section for tech development and the clear objective is for China to become self-reliant But the plan does not mention how China could survive the technology export market when there is increasing resistance overseas to technology 'Made In China'.

Green also contributes to high-quality growth The latest plan also targets a "green" living style as part of its ambitions for high-quality growth.