Question 53 from UPSC CSE 2014 - Economy

Question

The main objective of the 12th Five-Year Plan is

Accepted Answer

Correct Option: D. Faster, sustainable, and more inclusive growth.

Strategy: Identify the option that precisely matches the official phrasing of the 12th Plan's objective. The key is to find language that combines all three pillars: faster, sustainable, and more inclusive growth. The correct choice will be the one that reflects this exact, comprehensive statement, not just one or two of its components.

Key Info: The Twelfth Five Year Plan (2012–2017) set forth the vision of achieving 'Faster, Sustainable and More Inclusive Growth.' This objective marked a shift from previous plans by explicitly emphasizing three pillars: rapid economic expansion, environmental sustainability, and ensuring the benefits of growth are equitably shared.

- **Faster growth** refers to raising the GDP growth rate, with targets around 8% per annum.
- **Sustainable growth** indicates development respecting environmental constraints and efficient use of natural resources.
- **More inclusive growth** emphasizes job creation, poverty reduction, access to health and education, and bridging regional, social, and economic disparities.

**Important institutional context:**
- The Planning Commission supervised Plan formulation and coordination.
- The 12th Plan's approach paper and plan document both repeatedly highlighted 'Faster, Sustainable, and More Inclusive Growth' as the main thrust.
- It also advocated 'growth with equity and justice,' and operationalized inclusion through targeted schemes such as rural employment, expanded education, and public health initiatives.

The 12th Plan was the last officially formulated Five Year Plan in India. Following its conclusion, the NITI Aayog replaced the Planning Commission and abandoned the Five-Year Plan model.

Answer

Option A: Inclusive growth and poverty reduction.

Answer

Option B: Inclusive and sustainable growth.

Answer

Option C: Sustainable and inclusive growth to reduce unemployment.