UPSC Prelims 1995·GS1·economy·planning

What is the annual growth rate aimed at in the Eighth FiveYear Plan?

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Last updated 23 May 2026, 3:31 pm IST
  1. A5.6%Correct
  2. B6%
  3. C6.5%
  4. D7%

Explanation

The Eighth Five Year Plan, which spanned from 1992 to 1997, was launched following a period of economic instability and the introduction of liberalization policies in India. The Planning Commission set an average annual growth target of 5.6 percent for this period. Interestingly, the actual growth achieved during this plan was approximately 6.8 percent, significantly exceeding the initial target due to the positive impact of economic reforms. Therefore, the aimed growth rate was 5.6 percent.
economy: What is the annual growth rate aimed at in the Eighth FiveYear Plan?

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