Which of the following five-year plan of India has achieved its target growth?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Eighth Plan.
- The Eighth Five-Year Plan of India (1992–1997) achieved its target growth rate. The primary focus of this plan was on accelerating economic growth and reducing poverty.
- The target growth rate for the Eighth Plan was 5.6%, and it achieved a growth rate of around 6.8%.
- This was considered a significant success, especially given the economic challenges India faced during the period, such as the balance of payments crisis and the liberalization reforms that were being implemented.