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Question

Discuss the problems that the five-year plans were unable to address.
 


Solution

The five-year plans have not been able to address the following problems:
(i) Poverty: the FYPs have failed to address the problem of poverty in our country. 21.9% of our population lives below the poverty line and around 50% of the poor people of the world reside in India. The basic needs of food, shelter, and clothing are not being fulfilled for every individual.
(ii) Inflation: The FYPs have also failed to check the problem of inflation in the country. The continuously rising prices have eroded the purchasing power of money and increased the inequalities of wealth. 
(iii) Unemployment: At the end of the eleventh Plan, nearly 4 crore people were unemployed in the country. The employment opportunities are not growing at the same rate in which the supply of labour is rising.
(iv) Infrastructure: India has inadequate infrastructure. There is an acute shortage of public means of transport. 
(v) Rising Inequalities: The FYPs have failed to promote equitable distribution of income. The plans may have encouraged unequitable distribution of income.
 


Economics

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