12th Five year Plan

12th Five Year Plan of the Government of India (2012–17) was India's last Five Year Plan.

1. 12 TH Five year plan (2012-17) NAME : AAMIR SOHAIL ASHRAF ROLL NUMBER : 2030003 MASTERS IN URBAN AND REGIONAL PLANNING DEPARTMENT OF ARCHITECTURE

2. Introduction Vision : “ Faster , Sustainable and more inclusive growth” Time Period : For a period of 5 Years (2012-17) ; Last 5 year Plan Implementation authority : Planning Commission, Government of India Leadership : Manmohan Singh, Prime Minister & Montek Singh Ahulwalia Targeted GDP : 9% growth Covering Aspects in the region Macroeconomics framework Financial Plan Sustainable development Water Landuse Environment Forestry and wildlife Science and Technology Innovation Governance Regional Equality Agriculture Industry Energy Transport Communication Rural Development Urban Development Other Priority Sectors Health Education Employment and skill Development Women’s agency and Child Rights Social Inclusion

3. background The global economy showed a decline; hence in India GDP fell with a double dip in figures of 2009 and 2011. The aim GDP at 9% was quite unreasonable and hence was later modified to 8% that too the commission was not confident in numbers. FRBM targets were postponed due to poor economy and whole focus shifted towards GDP. Four key Principles in Drafting of 12 th Five year Plan Analysis of ground reality situations to satisfy critical leverage point for maximum impact. Inclusion of capital participation from government and private partners. Improved and modified the process of implementation of Government Plans. Working coherently with all the stakeholder, viz., different government departments, private partners and citizens .

4. Goals Rapid growth of GDP for improvement of socio, economic conditions Expansion of total income and production. Generation for higher revenue for future plans and projects. Environment sustainability and special focus to climate change. Increase developing capabilities Human Capabilities Institutional Capabilities Infrastructure Capabilities Increase reach of banking and Insurance Rational use of natural resource and land. Inclusive growth and reducing gap in groups and communities Engage with the world

5. Objective and highlights Economic Growth Real GDP growth rate of 8.0 % Agriculture growth rate of 4.0% Manufacturing growth rate of 10.0% State average growth rate shall be higher than 11 th five year plan. Poverty and Employment Targeted to reduce poverty by 10% Generate 50 million opportunities in non agriculture work Education Eliminate gender and social gaps in school enrollment Enhance access to higher education, increase number of seats Mean year of schooling to increase up by 7 years Health Reduce total fertility ratio to 2.1 Reduce under nutrition among children by half Improve child sex ratio. Environment and sustainability Increase green cover by 1 million hectare Add 30,000 renewable energy capacity Reduce emission intensity with a target of 25% Infrastructure, Including rural infrastructure Provide electricity to villages and reduce transmission loss. Connect villages through proper roads Upgrade national and state highway with minimum two lanes Increase rural tele density by 70% Increase 50% rural population to have access to at least 40lpcd portable water. Service delivery Provide banking access to 90% Indian households Direct beneficiary transfer Foreign Economic policy Increase FDI in different government sectors.

6. Disbandment of 5 year program & Introduction of niti aayog 12 th Five year plan was disbanded in 2015 without completion of its actual tenure. Planning commission of India was dissolved due it lost its relevance at the times of decentralized planning and had achieved its policy fatigue owing to top down approach. NITI (National Institution for Transforming India) Aayog took the Place and did launched several policies to reach the goals and objective of 12 th 5 Year Plan.

7. Achievements of 12 th five year plan (Including plan implementation of niti aayog) GST Rollout (A centralized tax system) New exploration policy enhancing investor confidence Subsidy rationalization with DBT Rationalization of Centrally Sponsored Schemes Liberalization of FDI Policy Multiple policies and Schemes PMJDY for Financial Inclusion Emphasis on increased savings via Financial Inclusion and Gold Schemes –SGB and GMS Revival of MSME via AIM and Mudra etc. Focus of employment Startup India, Standup India etc. Skill Development and Higher Education SANKALP, STRIVE, PMKVY, AIM, HEFA etc. Environment Targets INDCs at Paris meet, Increase solar energy targets Infrastructure PMGSY,DDUGJY, SAUBHAGYA etc.

8. Failures of 12 th five year plan Inadequate Growth Rate The expected GDP (growth) never reached the proposed one. Moreover, it was quite a trend in with all five year plan (few exceptions). Whither India’s Socialistic Society With the change in central government and the trends with the introduction new economic policy measure in 1991; the country shifted towards a capitalistic approach. Hence policy framework were in coherent. Economic Inequality and Social Injustice The implementation of division gap didn’t fulfilled. A large gap in economic inequality was seen. Unemployment Poor economic performance and low job creation leads to an another milestone failure.