Ninth Five Year Plan
The period of Ninth Five Year Plan was 1997-2002. The target growth was 6.5% and the actual growth was 5.4%. It was developed in the context of four important dimensions: Quality of life, generation of productive employment, regional balance and self-reliance. This Plan is known as Growth with social justice and equality.
The agriculture industry grew at a rate of 2.1% against the target of 4.2% The industrial growth in the country was 4.5% which was higher than that of the target of 3% The service industry had a growth rate of 7.8%. An average annual growth rate of 6.7% was reached.
With a general nature of ‘indicative planning’, the Plan not only did an ambitious high growth rate target, but also tried to direct itself towards time-bound social objectives. There was an emphasis on the seven identified Basic Minimum Services (BMS) with additional Central Assistance for these services.
The BMS include Safe drinking water; Primary health service; Public housing assistance to the shelter-less poor families; Connectivity of all villages and habitations; Universalisation of primary education; Nutritional support to children; and Streamlining of the public distribution system.
The issue of fiscal consolidation became a top priority. For which focus on sharp reduction in the revenue deficit, cutting down subsidies, collection of user charges on economic services(electricity, transportation etc.,), cutting down interest, wages pension etc. and Decentralisation of planning.