Seventh Five Year Plan 1985-90 A Summary

Abstract

Since the inception of planning process, the Indian economy has made steady progress towards the basic objectives of building an independent, self reliant economy, of establishing a social system based on equity and justice, to bring about a sharp reduction in social and economic inequalities inherited from the colonial era, and of laying a sound base for indigenous technological development. There is now fairly convincing evidence that specially since mid seventies, the Indian economy has moved to a higher growth path. The successful implementation of the Sixth Five Year Plan has been a major contributory factor to this welcome shift in the growth curve. The Seventh Plan builds on the strengths inherited from the past-the high rale of savings, the large pool of scientific, technical and managerial man-power, the resilience built against drought and international disturbances and the orientation of development efforts to benefit the poor. It is now possible to move faster towards the objective of self-sustaining growth with social justice.