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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


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Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 26th Jan, 2024

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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