The broad obectives of 9th Plan (1997-2002), are: 1. Priority to agriculture and rural development to generate adequate productive employment and eradication of poverty. 2. Accelerating growth rate with stable prices. 3. Ensuring food and nutritional security for all especially vulnerable sections of soceity. 4. Providing minimum services of safe drinking water, primary health care, universal primary education, shelter etc.
1. Checking growth of population.
2. Ensuring environmental sustain-ability of devlopment process
3. Promoting and developing people’s participatory institutioins like Panchayati Raj institutions, cooperatives and self-reliance.
The over-all approach thus envisaged was “growth with social justice and equality”.
The 9th Plan attempted to strike an ideological balance of vigorously pursuing economic reforms and simultaneously fulfilling the socialistic agenda of a welfare state. A 7% growth by 9.3% (as against 4.5%), exports by 14.5% (10.3%), agriculture 4.5% (-2%), full literacy by 2005 AD, creation of 44.36 crore jobs, reduction of poverty ratio to be achieved by the end of 11th Plan and a zero monetised deficit was targeted to achieve.
In order to achieve an annual growth rate of 7% in GDP, an investment rate of 28.3% and doemstic savings rate of 26.2% was recommended.
While aiming at zero monetised deficit, the plan envisaged support from budgetary resources worth Rs. 374,000 crores. Rs. 33,319 crores through borrowings and net inflow of Rs. 60,018 crores from abroad. The rest was to be mobilised by the States through tax revenues as well as borrowings. Simultaneously, the fiscal deficit was sought to be brought down from the projected 5% in 1997-98 to 3.5% of GDP by 2002.
However, it was conceded in the draft plan that allocations worth another Rs. 70,000 crores were needed to fully meet the basic requirements like safe drinking water, universalisation of primary education, health care and nutritional security.
Priority was accorded to infrastrcture (with an allocation of 40%), followed by energy and social services (25.4%), agriculture (including irrigation and rural development—19.4%) transport (14.2%). The Ninth Five-Year Plan achieved a GDP growth of 5.5% against a target of 6.5%.
Shopping Cart
