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First Five year Plan 1951- 1956 - Rehabilitation of refugees, Community Development Progamme, rapid agricultural development to achieve food self-sufficiency in the shortest possible time and control of inflation. Second Five year Plan 1956 -1961 - This is also known as Nehru-Mahalanobis model. ‘Rapid industrialisation with particular emphasis on the development of basic and heavy industries Industrial Policy of 1956 accepted the establishment of a socialistic pattern of society as the goal of economic policy. Fifth Five year Plan 1974-1979 - Removal of poverty and attainment of self-reliance. Eighth Five year Plan 1992-1997 - Rapid economic growth, high growth of agriculture and allied sector, and the manufacturing sector, growth in exports and imports, improvement in trade and current account deficit. To undertake an annual average growth of 5.6%. Twelfth Five year Plan 2012-2017 - “faster, sustainable and more inclusive growth”. Raising agriculture output to 4 percent. Manufacturing sector growth to 10 %.
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