Economics • Indian EconomyHard
Examine the evolution of economic planning in India. What was the primary emphasis of the Twelfth Five-Year Plan covering the period 2012 to 2017?
A. Faster, sustainable, and more inclusive growth, addressing regional imbalances and expanding infrastructure access.✓ Correct Answer
B. Rapid industrialization focusing exclusively on heavy capital goods and public sector steel plants.
C. Achieving complete self-reliance in food grain production through the Green Revolution strategy.
D. Privatization of all commercial banking institutions and insurance corporations.
💡 Solution & Explanation
The Twelfth Five-Year Plan, spanning 2012 to 2017, adopted the overarching theme of 'Faster, Sustainable, and More Inclusive Growth', emphasizing poverty reduction, employment generation, environmental sustainability, and skill development across backward districts. It marked the final five-year plan before the dissolution of the Planning Commission and its replacement by NITI Aayog in 2015. Measurable targets were established across various social indicators including health, education, and infrastructure connectivity. Subsequent policy formulation shifted towards cooperative federalism and think-tank advisory frameworks.
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