CA Foundation · Business Economics · Indian Economy
The Twelfth Five Year Plan (2012-17) was India's last Five Year Plan. After the Planning Commission was dissolved, what happened to five-year planning?
Five Year Plans were discontinued after the Twelfth Plan ended in 2017, and the Planning Commission was replaced by NITI Aayog in 2015. No Thirteenth Plan was launched, and the Finance Commission did not take over planning, which concerns devolution of resources.
- AThirteenth Plan was launched with a lower growth target
- BFive Year Plans were discontinued and NITI Aayog was set up in 2015Correct
- CPlans were converted to ten-year perspective plans by the Finance Commission
- DPlanning was shifted entirely to state governments with no central body
Explanation
The Planning Commission was replaced by NITI Aayog in January 2015, and formal Five Year Plans ended after the Twelfth Plan in March 2017. No Thirteenth Plan was launched. The Finance Commission deals with revenue sharing, not planning.
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