First Five Year Plan[1951-1956]: It had twofold objective. Firstly it aimed at correcting the disequilibrium in the economy caused by the Second World War and the partition of the country. Secondly it proposed to initiate simultaneously a process of all round balanced development which would ensure a rising national income and a steady improvement in the living standards over a period of time. Agriculture obtained the highest priority in the first plan. The plan witnessed the rise of major hydro-electric schemes like Damodar Valley Project[Bihar], and Bhakranangal Project[Punjab]. Amajor steel plant was set up at Rourkela[Orissa] during the first plan period.
Second Five Year Plan[1956-1961]: The Second Five Year Plan aimed at building rural India. It had the broad objective of establishing a socialist pattern of society. The plan aimed at rapid industrialization with particular emphasis on the development of basic and heavy industries.
Third Five Year Plan[1961-1966]: The main objectives of the third plan was to achieve self-sufficiency in food grains and increased agricultural production to meet the requirements of industry and exports.
Three Annual Plans[1966-1969]: The Indo- Pak war, two severe droughts and devaluation of currency delayed the finalisation of the Fourth Five Year Plan. Between 1966-1969 three annual plans were formulated.
Fourth Five Year Plan[1969-1974]: The main objective of the Fourth Five Year Plan was economic growth with stability and social justice. It laid down that benefits of economic development should accrue more and more to the relatively less privileged classes of society especially scheduled tribes. The fourth plan gave the highest priority to agriculture.
Fifth Five Year Plan[1975-1979: The aims of the fifth plan was removal of poverty and attainment of self reliance. The fifth plan was terminated in 1978 by the newly elected Janatha government, a year before it was due to end.
Sixth Five Year Plan[1980-1985]: The main objectives of the plan was to achieve full employment, eradication of poverty, reduction of inequalities in the distribution of income and wealth. Poverty eradication programme was vigorously followed during the period.
Seventh Five Year Plan[1985-1990]: The corner stone of the plan is food, work, and improved productivity. The plan therefore seeks emphasis on policies and programmes which would increase food production.
Eighth Five Year Plan[1992-1997]: From Eighth plan onwards planning continued without any interruption. After 1991 there was a change in strategy when the Narasimha Rao government started implementing new economic reforms.
Ninth Five Year Plan[1997-2002]:
Tenth Five Year Plan[2002-2007]: The Tenth plan aims at growth rate of 8% per annum. It also aims at enhancing access to basic social services of education [Sarva Siksha Abhiyan], health, drinking water [Swajal Dwara] and sanitation.
Eleventh Five Year Plan [2007-2012]
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