Correct option is D
The correct answer is: (D). Three annual plans
From 1966 to 1969, India did not have a full-fledged Five-Year Plan. Instead, there was a period of three annual plans due to the economic challenges India faced, including a war with China in 1962 and a war with Pakistan in 1965, along with a severe drought in 1966. it was a period of "Plan Holidays," also known as the period of three annual plans, which was implemented after the third five year plan.
some key facts about India's Five-Year Plans:
- The idea of a Five-Year Plan in India was inspired by the Soviet Union's model of planned economy.
- The first plan was launched in 1951 under the leadership of Jawaharlal Nehru, the first Prime Minister of India.
- India moved away from the Five-Year Planning system after the Twelfth Five-Year Plan (2012–2017).
- In 2015, the Planning Commission was replaced by the NITI Aayog (National Institution for Transforming India), which focuses on cooperative federalism and bottom-up planning.
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