The Fifth Five-Year Plan (1974-79) and the Rolling Plans (1978-80)

The Fifth Five-Year Plan (1974-79) and the Rolling Plans (1978-80)

The Fifth Five-Year Plan (1974-78) and the subsequent Rolling Plans (1978-1980) marked a significant period in India's economic journey. While the Fifth Plan was dubbed the "Stunted Plan" due to political instability and internal challenges, the Rolling Plans achieved higher growth and continued focus on social welfare initiatives. Fifth Five-Year Plan (1974-1978) Stunted Plan : This nickname reflects the plan's inability to fully achieve its targets due to various challenges. Despite an ambitious 4.4% growth target, the actual growth rate was only 4.83%. Shifting Priorities : The plan emphasized coordination between various government programs and a stronger rural focus, aiming to address social inequalities and improve rural livelihoods. This marked a shift from the earlier emphasis on "growth with social justice" to "growth for social justice". Political Instability : The period saw political turbulence, including the Emergency declared by Indira Gand…