7th Five Year Plan which covered a time span of another five years started on 1985 and went on till 1989. This Five Year Plan was the come back vehicle of the Indian National Congress Party into power. The primary aim of the five year plan was to upgrade the industrial sector and enable India to establish itself as one of the developed countries of the world. This Plan was released under the National Development Council of India.
Objective of the Five Year Plan
The objective of the 7th Five Year Plan was to generate more scope of employment for the people of India, to produce more in terms of food which would lead to an overall increase in productivity.
Backdrop of the 7th Five Year Plan
The 7th Five Year Plan started off on a string ground since the foundation for economic development was laid by the 6th Five Year Plan. The Sixth Five Year Plan had already paved the way for economic development by increasing the production in the agricultural and industrial sector, curbing the rate of inflation and maintaining a balance in the transaction of goods, services and money. Therefore, the 7th Five Year Plan had a strong base on which it could built the superstructure of industrial development for the betterment of India's economic position. This plan strove to achieve socialism and expand the production of energy.
Contents of the 7th Five Year Plan
The basic issues on which this plan put stress were:
Introduction and application of modern technology
Justice meted out to people from various social stratas
Improving the position of the weak in the Indian society
Development of agriculture
Reducing poverty in India
Assuring the essentials of food, shelter and clothing to the people
Striving to achieve independence as per the Indian economy is concerned
Help the small as well as the large farmers to increase their productivity
This time Indian government was adamant to achieve self-sufficiency in the economic and production sector. They endeavored to develop on the factors that ensure a persistent growth in the economy. The rate of employment was anticipated to rise by 4% every year and the labor force was anticipated to grow by 39 million at the end of fifth year.
Overall improvement was the aim of the 7th Five Year Plan. Therefore care was taken to establish a harmony in all the sectors that are contained in an economy. Special care was taken to spread education among girls, enhance telecommunication within the country. The government of India also strove to maintain a balance in the economy and by striking a balance within export and import.