The global financial crises overlapped which five year plan in India?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Eleventh Five Year Plan.
The global financial crisis, which began in 2008, overlapped with the 11th Five Year Plan in India, which ran from 2007 to 2012.
- 11th Five Year Plan: This plan focused on inclusive growth and aimed to achieve a 10% annual growth rate.
- Global Financial Crisis: The crisis, triggered by the collapse of the housing market in the US, spread rapidly and had a significant impact on the global economy.
- Overlap: The 11th Five Year Plan was implemented during the period when the global financial crisis was unfolding, meaning the Indian economy faced the challenge of navigating the crisis while implementing its development plans.