Which of the following five year plan of India was affected by the eurozone sovereign debt crisis?
Show answer & explanation
Correct answer: D
Explanation
Correct Answer:
Option 4: Twelfth Five-Year Plan
Explanation:
During the Twelfth Five-Year Plan (2012–2017), global economic conditions were volatile, and it was during this period that the Eurozone Sovereign Debt Crisis impacted the global economy. This impact also extended to India's economic growth rate, exports, and foreign investment. Trade experienced a slowdown, and the growth rate was adversely affected. Despite this, India endeavored to navigate this situation through various economic reforms and policy measures. This plan was one of the major plans significantly affected by the global economic crisis.
Additional Facts:
Option 1: The Third Plan was affected by the war with China.
Option 2: The Fifth Plan is associated with the Emergency period.
Option 3: The Tenth Plan focused on stable growth.
Option 4: Correct Answer.
Potential Questions for Upcoming Exams:
Question: What was the tenure of the Twelfth Five-Year Plan?
Answer: 2012–2017
Question: When did the Eurozone Crisis occur?
Answer: Primarily after 2009
Question: Which was India's final Five-Year Plan?
Answer: The Twelfth
Question: When was NITI Aayog formed?
Answer: 2015