Question : Indicative planning was adopted in India during the Five-Year Plan.
Option 1: Sixth
Option 2: Fifth
Option 3: Eighth
Option 4: Fourth
Correct Answer: Eighth
Solution : The correct option is the eighth .
India shifted from centralised planning to indicative planning during the Eighth Five-Year Plan (1992–97) in response to economic liberalisation. In indicative planning, the government outlines broad goals, allowing the private sector flexibility to achieve them. This approach, ongoing since then, fosters economic growth, development, and private sector expansion. With the liberalisation of the Indian economy in the early 1990s, there was a shift towards a more market-led approach.
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