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.
- True
- 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.