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What is the targeted annual average growth rate in GDP as per the Eleventh Five-Year Plan?
Question

What is the targeted annual average growth rate in GDP as per the Eleventh Five-Year Plan?

A.

9%

B.

8%

C.

7%

D.

6%

Correct option is A

The Eleventh Five-Year Plan of India targeted an annual average growth rate in GDP of 9%.
 The Five Year Plans were formulated, implemented and regulated by a body known as the Planning Commission.
 The Planning Commission was replaced by a think tank called NITI AAYOG in 2015.
 First Five-Year Plan was based on the Harrod Domar Model and emphasised increasing savings.
 The target growth rate of Third Five Year Plan was 5.6% and the actual growth rate only achieved 2.4%
 Sixth Five Year Plan: On the recommendation of the Shivaraman Committee, the National Bank for Agriculture and Rural Development was established.
 Eighth Five Year Plan: The target growth rate was 5.6% but the actual growth rate was an incredible 6.8%.

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