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Indian Economy

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high importance~2 Q in Tier 16 formulas⚡ 20 shortcuts8 subtopics
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Five Year Plans and NITI Aayog

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⏱ 4 min read🧩 5 question types🎯 15 practice Q
The idea in one minute

India ran twelve Five Year Plans from 1951 to 2017. The Planning Commission made them. On 1 January 2015 NITI Aayog replaced the Commission. NITI is a think tank and does not allocate plan funds.

01

From plans to NITI

The Planning Commission was set up on 15 March 1950 by a Cabinet resolution. The Prime Minister was its chairman. It steered twelve Five Year Plans from 1951 to 2017.

From 1 January 2015 a Cabinet resolution created NITI Aayog (National Institution for Transforming India). Neither body is constitutional or statutory.

02

The plans and their ideas

PlanPeriodIdea
1st1951-56Harrod-Domar model; agriculture and irrigation
2nd1956-61Mahalanobis model; heavy industry
3rd1961-66Self-reliance; Gadgil strategy; broken by wars and drought
Plan Holiday1966-69Three annual plans
4th1969-74Growth with stability
5thfrom 1974Garibi Hatao; ended early
Rolling plan1978-80Lakdawala concept
6th1980-85Poverty removal; IRDP and NREP begin
7th1985-90Food, work, productivity
Annual plans1990-92Transition years
8th1992-97Started with the 1991 LPG reforms
9th1997-2002Growth with social justice
10th2002-078% growth target
11th2007-12Faster and more inclusive growth
12th2012-17Faster, more inclusive, sustainable growth

Tip: The 2nd plan is Mahalanobis, and Mahalanobis means machines.

03

Breaks in the plan sequence

Two gaps and one special idea are asked often.

  • Plan Holiday (1966-69): the 1962 and 1965 wars and drought derailed the 3rd plan. Three annual plans followed.
  • Rolling plan (1978-80): the plan is revised every year. D.T. Lakdawala is linked to the concept.
  • Annual plans (1990-92): they ran before the delayed 8th plan.

The 12th plan was the last. It ran to 2017, and then NITI took over.

04

NITI Aayog: who is in it

The Prime Minister chairs NITI Aayog. The Governing Council has all Chief Ministers and the Lt Governors of Union Territories. The PM appoints a Vice-Chairperson and full-time members. A CEO runs the daily work.

Its ideas are cooperative federalism, where states are partners, and competitive federalism, where states are ranked.

05

What NITI produces

NITI does not make Five Year Plans. It writes three documents:

  1. a 15-year vision
  2. a 7-year strategy
  3. a 3-year action agenda

Its well-known products are the SDG India Index, the state Multidimensional Poverty Index, the Composite Water Management Index and the Aspirational Districts Programme (2018, 112 districts).

06

Planning Commission versus NITI

PointPlanning CommissionNITI Aayog
Started15 March 19501 January 2015
OriginCabinet resolutionCabinet resolution
RoleMade plans, allocated fundsAdvises, monitors, builds indices

Watch: NITI is not statutory and does not allocate plan funds.

07

Question types you will see

Each type: how to recognise it, the method step by step, and one question to try.

Type 1very common3 practice Q

Plan and model matching

How to spot it:

'The Second Plan was based on', 'the Harrod-Domar model belongs to which plan', or a thinker-plan match.

Method
  1. Link the 1st plan to Harrod-Domar and agriculture.

  2. Link the 2nd plan to Mahalanobis and heavy industry.

  3. Link the 3rd plan's strategy to D.R. Gadgil.

  4. Heavy industry or capital goods in the question means the 2nd plan.

Why it works:

Two pairs carry most of the marks.

Try this

The Mahalanobis model, which stressed heavy industry, was the basis of which plan?

Show solution
  1. Mahalanobis is linked to machines.

  2. Heavy industry was the focus.

  3. That was the 2nd plan, 1956-61.

Answer

The Second Five Year Plan (1956-61)

Type 2very common3 practice Q

Plan, years and theme

How to spot it:

'Growth with stability was the theme of', 'which plan coincided with the 1991 reforms', or 'which was the last plan'.

Method
  1. Recall the theme hooks: 4th stability, 9th social justice, 11th inclusive, 12th sustainable.

  2. The 8th plan opened in the liberalisation era.

  3. The 12th plan (2012-17) was the last.

  4. Check the gaps: Plan Holiday and Rolling Plan.

Why it works:

Each plan has one short theme, so match the theme to the number.

Try this

'Growth with stability' was the objective of which Five Year Plan?

Show solution
  1. Recall the theme list.

  2. Stability belongs to the plan after the Plan Holiday.

  3. That is 1969-74.

Answer

The Fourth Plan (1969-74)

Type 3common3 practice Q

NITI Aayog structure and documents

How to spot it:

'Who chairs NITI Aayog', 'the Governing Council consists of', or the 15-year, 7-year and 3-year documents.

Method
  1. The Prime Minister chairs it.

  2. The Governing Council has all Chief Ministers and UT Lt Governors.

  3. A CEO runs daily work.

  4. Its documents: 15-year vision, 7-year strategy, 3-year action agenda.

Why it works:

The Governing Council is the centre-state forum, and the document trio is a fixed list.

Try this

The Governing Council of NITI Aayog includes which members?

Show solution
  1. The Prime Minister is the chair.

  2. All state Chief Ministers are members.

  3. Lt Governors of Union Territories are members.

Answer

The PM, all Chief Ministers and the Lt Governors of UTs

Type 4common2 practice Q

Planning Commission versus NITI Aayog

How to spot it:

Statement pairs on fund allocation, legal origin, or year of replacement.

Method
  1. Both came from Cabinet resolutions.

  2. The Commission made plans and allocated funds.

  3. NITI advises, monitors and builds indices.

  4. Reject any option calling NITI statutory.

Why it works:

Most wrong statements swap the two roles or claim a legal status.

Try this

Which statement about NITI Aayog is correct?

Show solution
  1. It was set up on 1 January 2015.

  2. A Cabinet resolution created it.

  3. It is an advisory think tank and does not allocate plan funds.

Answer

It is a Cabinet-resolution think tank that replaced the Planning Commission.

Type 5occasional2 practice Q

Plan Holiday, rolling plan, annual plans

How to spot it:

'The Plan Holiday occurred during', 'the rolling plan is linked to', or 'which plans were cut short'.

Method
  1. Plan Holiday is 1966-69, with three annual plans.

  2. Rolling plan is 1978-80, linked to D.T. Lakdawala.

  3. Annual plans also ran in 1990-92.

  4. The 5th plan ended early.

Why it works:

Each break has its own years and its own cause.

Try this

The 'Plan Holiday' in Indian planning refers to which years?

Show solution
  1. The 3rd plan was derailed by wars and drought.

  2. Annual plans replaced the five-year plan.

  3. They ran for three years.

Answer

1966-69

08

Shortcuts that save time

⚡ Plan story line

Farm (1st), machines (2nd), wars (3rd), holiday, stability (4th), Garibi Hatao (5th), rolling plan, reforms (8th), inclusive (11th), sustainable (12th), then NITI.

Example

Which plan coincided with the LPG reforms?

Show solution
  1. The reforms began in 1991.

  2. The plans after the annual plans of 1990-92 began in 1992.

  3. That is the 1992-97 plan.

Answer

The 8th Plan (1992-97)

⚡ Two gaps

Plan Holiday was 1966-69. Annual Plans were 1990-92.

Example

Why was there a 'Plan Holiday'?

Show solution
  1. The 1962 and 1965 wars hit the economy.

  2. Drought made it worse.

  3. The 3rd plan was derailed and annual plans ran in 1966-69.

Answer

War and drought derailed the 3rd Plan.

09

Mistakes to avoid

Where most students lose marks on this subtopic.

Mistake 01

Saying NITI Aayog is statutory.

It was set up by a Cabinet resolution.

Mistake 02

Crediting the 2nd Plan to Harrod-Domar.

Harrod-Domar is the 1st Plan. Mahalanobis is the 2nd.

Mistake 03

Thinking the 12th Plan ended early.

It ran its full term to 2017. NITI then took over.

Mistake 04

Saying NITI Aayog allocates plan funds.

It advises and monitors. It does not allocate funds.

Mistake 05

Mixing up the Plan Holiday (1966-69) and the rolling plan (1978-80).

Holiday means annual plans after the 3rd plan. Rolling means revised every year.

10

Quick revision

Read this the night before the exam.

  • Planning Commission: 15 March 1950, Cabinet resolution, PM as chairman.

  • 12 Five Year Plans, 1951 to 2017. The 12th was the last.

  • 1st = Harrod-Domar. 2nd = Mahalanobis, heavy industry.

  • Plan Holiday 1966-69. Rolling plan 1978-80. Annual plans 1990-92.

  • 8th plan began with the 1991 reforms. 11th = inclusive. 12th = sustainable.

  • NITI Aayog: 1 January 2015, Cabinet resolution, PM chairs.

  • NITI documents: 15-year vision, 7-year strategy, 3-year action agenda.

11

Practice: 15 questions

Sets of 10, mixed across the question types above. Every answer has a step-by-step explanation.

Topic test · 10 questions

Suggested time 4 min · wrong answers go to your mistake notebook automatically.