Which of the following five year plan of India commenced at a time when the global economy was going through a second financial crisis?
Show answer & explanation
Correct answer: D
Explanation
12th Five-Year Plan (2012-2017) -
India's Twelfth Five-Year Plan was launched at a difficult time when the world was grappling with the aftershocks of the 2008 Great Recession, particularly the European debt crisis.
Period: April 1, 2012, to March 31, 2017.
Theme: "Faster, More Inclusive, and Sustainable Growth."
Challenges: At the time of the plan's launch, India's growth rate was falling and inflation was rising due to the global recession. Furthermore, the fiscal deficit was a major concern.