Which among the following Five Year Plans of the Indian Economy adopted the indicative planning model?
Options:
A . Sixth Five Year Plan
B . Eight Five Year Plan
C . Fourth Five Year Plan
D . Tenth Five Year Plan
Answer: Option B Answer: (b) During the Eighth Five Year Plan, the Indian Economy adopted the indicative planning model. Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in the market and mixed economies in order to increase economic performance. When utilizing indicative planning, the state employs “influence, subsidies, grants, and taxes.
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