Objectives
- Human Resource Development
- To increase average industrial growth rate to 7.5%
- Also called as Rao Manmohan Singh Model
- First indicative plan
Achievements : Growth rate of 6.8 % per annum (Target : 5.6%)
Other Features
- Pradhan Manthri Rozgar Yojana started in 1993
- India became the member of World Trade Organisation
- It was the beginning of privatization, liberalisation and globalisation
- Improvement in trade and current account deficit
- Agriculture and industrial growth increased
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