GS PrelimsEconomyEconomic Growth1995

What is the annual growth rate aimed at in the Eighth FiveYear Plan?

5.6%

6.5%

Correct Answer: Option A

Explanation

1. The Eighth Five-Year Plan of India covered the period from 1992 to 1997. 2. This plan was launched shortly after the initiation of major economic reforms in 1991. 3. The plan aimed at achieving high economic growth, improving the standard of living, and ensuring social justice. 4. The targeted average annual growth rate of Gross Domestic Product (GDP) for the Eighth Five-Year Plan was set at 5.6%.

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