Question : In which five-year plan was the process of economic reform introduced in India?
Option 1: Tenth
Option 2: Fifth
Option 3: Eighth
Option 4: Sixth
Correct Answer: Eighth
Solution : The correct option is Eighth .
The 8th Five-Year Plan ran from 1992 to 1997. India's attempts to accomplish several socioeconomic goals and to advance economic development and progress were maintained under this plan. Among the main objectives and areas of concentration for the Eighth Five-Year Plan were:
1. Infrastructure Development: To promote economic growth, the strategy sought to advance infrastructure development in industries including telecommunications, electricity, and transportation.
2. Agricultural Growth: Three main objectives were to boost modern agricultural methods, enhance rural development, and increase agricultural output.
3. Industrial expansion: To strengthen the manufacturing sector and advance economic stability, industrial expansion and diversification should be encouraged.
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