WBCS.LIVE practice question

The concept of 'Indicative Planning' was comprehensively adopted in India starting from which Five-Year Plan?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Sixth Five-Year Plan
  2. Seventh Five-Year Plan
  3. Eighth Five-Year Plan
  4. Ninth Five-Year Plan

Correct answer and explanation

Correct answer: Eighth Five-Year Plan

Explanation: āœ… Correct Answer: C) Eighth Five-Year Plan šŸ“š Explanation: Indicative Planning is an economic strategy where the state sets broad economic targets but relies on the private sector to achieve them through market mechanisms. This concept was comprehensively adopted in India starting with the Eighth Five-Year Plan following the 1991 economic reforms. It marked a significant departure from the earlier rigid, centralized, and directive planning models of the pre-liberalization era.