Question map
Which one among the following statements regarding the Eighth Five Year Plan in India is not correct ?
Explanation
The Eighth Five Year Plan (1992–97) was launched following a period of political instability and economic crisis, which had postponed the plan by two years (1990–92) [2]. It focused on liberalizing the economy, managing the Balance of Payments, and reducing the current account deficit through export promotion and trade reforms [2]. While it aimed for high growth in agriculture and manufacturing to generate employment [3], the specific objectives of 'growth with stability' and 'growth with justice' are historically associated with the Fourth and Ninth Five Year Plans respectively. The Fourth Plan emphasized 'growth with stability,' while the Ninth Plan (1997–2002) explicitly adopted 'growth with social justice and equality' as its primary objective. Therefore, statement 4 is incorrect as it misattributes these specific slogans to the Eighth Plan.
Sources
- [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 6: Indian Economy [1947 – 2014] > Five Year Plans > p. 225
- [1] History , class XII (Tamilnadu state board 2024 ed.) > Chapter 9: Envisioning a New Socio-Economic Order > 9.4 Five Year Plans > p. 125
- [3] Geography of India ,Majid Husain, (McGrawHill 9th ed.) > Chapter 11: Industries > Eighth Five-Year Plan (1992–97) > p. 4