Correct option is D
The 8th Five Year Plan (1992-1997) could not start on its due time in 1990 because of the political instability in India during that period. The country experienced a series of changes in government, which delayed the approval and implementation of the plan. The plan was eventually launched in 1992, under the leadership of P.V. Narasimha Rao, after the economic reforms were initiated to address the financial crisis.
Key Points:
1. Political Instability:
- In 1989, India saw the fall of the Rajiv Gandhi government, and there were changes in leadership with Vishwanath Pratap Singh becoming the Prime Minister, followed by Chandra Shekhar and then P.V. Narasimha Rao in 1991. Due to the frequent changes in government, it was not possible to start the 8th Five Year Plan in 1990, as scheduled.
2. Economic Crisis:
- During this time, India was also facing a severe economic crisis, which further complicated the initiation of the Five Year Plan.
