In which Five -Year Plan Indian government launched the New Economic Policy of
India?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Eighth.
- 8th plan was a plan for managing the transition from a centrally planned economy to market led economy through indicative planning.
- It was decided that Eighth Five Year Plan would commence on April 1, 1992 and that 1990-91 & 1991-92 have to be treated as separate Annual Plans formulated within the framework of the earlier approach to the 8th Five year Plan 1990-95.