Indicative planning was adopted in India during the ___________ Five-Year Plan.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Eighth.
India adopted indicative planning during its Eighth Five-Year Plan (1992–1997). This approach marked a shift from centralized planning to a more flexible, market-oriented strategy, aiming to balance governmental objectives with private sector participation. Indicative planning provides broad economic guidelines rather than specific directives, allowing market forces to play a significant role in resource allocation. This transition facilitated economic liberalization and aimed to enhance efficiency and growth by leveraging both public and private sector strengths.