The Ninth Five Year Plan was launched in the 50th year of India’s independence. The Ninth Five Year Plan was formulated to act as a tool for solving the economic and social problems existing in the country. The plan was formed with the realization that the latest economic reserves of the country, which were still not explored, should be used for the overall development and benefit of the Indian economy in next five years.
Objectives
Priority to agricultural sector and rural development with a view to generating adequate productive employment and eradication of poverty.
Industrialization at a rapid pace.
To accelerate the growth rate of the economy by stabilizing prices.
Gaining self sufficiency in local resources.
To ensure food and nutritional security for all.
To provide for the basic minimum services of safe drinking water, primary health care facilities, universal primary education, transport and shelter.
To check the increase in population growth.
To encourage social issues like women empowerment, conservation of certain benefits for the socially disadvantaged groups such as scheduled caste, scheduled tribes and other backward class and minorities.
To create an independent market for enhancing private financial investment.
Achievements
The growth rate was merely 5.35 % which is lesser than the GDP growth of 6.5% targeted during the period.
Participants