The State Planning Board approved an Approach Paper for the 15th Five Year Plan
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Mains·
State-level planning and economic growth targets: a relevant GS3 topic for regional development.
Why in news
The State Planning Board approved an Approach Paper for the 15th Five Year Plan to increase Keralam’s GSDP from ₹16 lakh crore to ₹28 lakh crore by 2032.
Background
The 15th Five Year Plan covers the period 2027 to 2032 and targets a 7% annual growth rate. It adopts a 'project mode' and SMART framework while seeking up to ₹2.44 crore annually from NITI Aayog.
Facts for Prelims
- FactTarget GSDP for Keralam by 2032: ₹28 lakh crore
- FactTarget annual growth rate: 7% (current rate is 5%)
- BodyNITI Aayog: Source of up to ₹2.44 crore annual funding for the plan
- Act / BillForest Rights Act: To be implemented in mission mode over five years
Prelims practice question
Which body is the source of up to ₹2.44 crore annual funding for Keralam's 15th Five Year Plan?
- (a)RBI
- (b)NITI Aayog
- (c)SEBI
- (d)Finance Commission
Show answer
Answer: (b) NITI Aayog — The note specifies NITI Aayog as the source of up to ₹2.44 crore annual funding for the plan.
For Mains
Q. Discuss the significance of adopting a 'project mode' and SMART framework in state-level planning to achieve accelerated economic growth while ensuring an ecological ceiling.
Dimensions to cover in your answer
- Growth-Sustainability Trade-off: Balancing a 7% growth target with an 'ecological ceiling' to protect natural resources.
- Institutional Evolution: Transitioning the State Planning Board into a 'think tank' to bridge civil society and government execution.
- Mission-based Governance: Utilizing the Kudumbashree model to create specialized missions for employment and youth development.
Keywords: GSDP · SMART framework · Project mode · Ecological ceiling · Think tank · Mission mode
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