economics medium True/False

The 'Rolling Plan' concept in India, introduced by the Janata Party government in 1978, completely abandoned the idea of fixed five-year targets in favor of an annually reviewed and continuously extended plan.

  1. True
  2. False

Answer: True

The Rolling Plan was designed to provide flexibility and adapt to changing economic realities, avoiding the rigidities of a fixed five-year horizon. It involved three parallel plans: an annual plan, a fixed five-year plan, and a perspective 15-year plan. However, it was short-lived and was discarded when the Congress party returned to power in 1980, reverting to the traditional Five-Year Plan model.

Topic Indian Economy - Planning History
Exam Relevance UPSC Prelims, SSC CGL, Railway
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