Achievements and failures of planning process of the 12^th Five Year Plan

Achievements:

• There is a considerable rise in Net Domestic Product, savings and investments.
• India has achieved self-sufficiency in almost all the basic and capital goods industries and consumer goods industries.
• Self-sufficiency in food grain production is achieved and the scourge of famines seems to have been decisively eliminated from the country.
• There is a good deal of diversification in the industrial sector
• The Plan has created significant infrastructure, particularly in the fields of transport, irrigation and telecommunication.
• There has been tremendous development of educational sector and there has been significant growth in trained scientific and technical manpower.
• Failures:
• Inspite of planning, poverty exists at a massive scale in India (21% according to the Tendulkar Committee estimates).
• Number of jobs created was inadequate to meet the needs of the rising population, which led to an increase in unemployment.
• Inequality of income has not been reduced.
• Inflation has been high most of the times in India.