Five-Year Plans officially declared dead from FY18

The Niti Aayog is preparing 15-year vision document that will replace the 5-Year Plan from next FY

It is official: Five-Year Plans will come to an end with the conclusion of the 12th Five-Year Plan on March 31, 2017, closing another chapter in India’s Nehruvian legacy.

A Budget circular issued by the finance ministry on Thursday said, “There will henceforth be no Five-Year Plan post the 12th Plan.” The circular basically justified the need for doing away with Plan and non-Plan classification of government expenditure and replacing it with revenue and capital break-up.
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There were indications that the Five-Year Plans would be scrapped once the