Soon the five year concept which started in the year 1951 will be replaced by a 15-year vision document . This decision has been taken by the National Institution for Transforming India (NITI) with respect to the current global trends and also the economic growth of the country. The decision seems to be giving the Modi government again an edge over Nehru’s Congress. The five year plan was initiated by India’s first Prime Minister Jawaharlal Nehru.
The Centre has already made its mind to replace the old socialist ideology which was started by Nehru with a more ‘growth driven’ planning process. NITI’s vision will also include concepts like that of the sustainable growth, besides the social and economic goals which were also a part of the past plan. It will focus on the infrastructure development and also top priority would be given to the spending of social sector.
The fifteen year plan will come into force in the year 2017, when the current five year plan ends. The Prime Minister has given his go-ahead to this plan. The draft will also be submitted to him by the end of this month. It has been seen that the five year plan had been a victim of a lot of criticisms as it was more focused on the short term goals. The 15 year plan is also expected to connect panchayats to the global economy for economic development of the country. NITI Aayog have also included the internal security and the defence in the plan as they wanted to bring the long term element in the frame.
A source from NITI Aayog said, “We have to update our planning process in tune with the changing times. We are nullifying the contributions of five year plans. But its relevance is over.” He further added, the country needs plans with a longer vision and insisted that the five year plan series focused on short term goals.
According to the proposed blueprint, there will be a larger framework within and there will also be a shorter seven year action plan. They will review it every three years, as it might need any correction.
It was very much mentioned in the budget speech given by Union Finance Minister Arun Jaitley that they would do away with the five year plan.