INDIAN ECONOMY (SHORTCUTS )

FIVE YEAR PLANS:(Important facts from First to Eleventh five year plan)

1) FIRST FIVE YEAR PLAN (1951 -56)
SHORTCUT: SIPCOT

S - SOCIAL SERVICE
I - INDUSTRY
P - POWER
Co - Communication
T - Transport

2) Second five year plan (1956 -61)

SHORTCUT : MADRAS
M - Mahalanobis Model
A - Atomic Energy Commission
D - Durgapur steel company, Tata Inst of Fundamental Research
R - Rourkela Steel Company, Rapid Industrialisation
A - Agriculture
S - Socialistic Pattern of Society

3) Third five year plan (1961-66)

SHORTCUT : SAD
S - Self Reliance
A - Agriculture
D - Development of Industry

5) Fifth five year plan (1974-79)

SHORTCUT : PSTM (Persons Studied in Tamil Medium)
P - Poverty Eradication
S - Self reliance
T - Twenty Point Programme
M - Minimum Need Programme

6) Sixth five year Plan (1980-85)

SHORTCUT : MAIL

M - Management
A - Agriculture production
I - Industry production
L - Local Development Schemes

7) Seventh Five year plan (1985-90)

SHORTCUT : EFGH (the alphabets)
E - Employment generation
F - Foodgrain production was doubled
G - Jawahar Rozgar Yojana (1989)
H - Hindu rate of Growth

8) Eighth Five year plan (1992-97)

SHORTCUT : LPG
L - Liberalisation
P - Privatisation
G - Globalisation

9) Ninth five year plan (1997-2002)

SHORTCUT : ESPN
E - Employment for Women, SC's and ST's
S - Seven Basic minimum service
P - Panchayat Raj Institutions, Primary Education, Public Distribution System
N - Nutrition Security

11) Eleventh five year plan (2007 -2012)

SHORTCUT : TEACHERS
T - Telecommunicatons (2G)
E - Electricity, Environment Science
A - Anemia
C - Clean water
H - Health education
E - Environment Science
R - Rapid growth
S - Skill Development