Correct option is A
The correct answer is option (A) PV Narasimha Rao
- The Chairman of the Eighth Five-Year Plan of India was PV Narasimha Rao.
- The Eighth Five-Year Plan (1992-1997) was significant for being launched during the tenure of Prime Minister Narasimha Rao.
- Under his leadership, India underwent major economic reforms, including liberalization, privatization, and globalization, which are considered pivotal for the modernization of India's economy.
Information Booster :-
- The plan focused on liberalizing the economy and transitioning from a closed, state-controlled system to a more market-oriented economy. This was a time of significant economic transformation, especially following the 1991 economic crisis.
- The Eighth Plan also aimed at improving the country's infrastructure, promoting the growth of the industrial sector, and ensuring social equity through welfare programs.
- A key target of the Eighth Plan was to achieve an annual growth rate of around 5.6% for the Indian economy.