16. Eighth Five-Year Plan (1992 - 97)
• The eighth plan was postponed by two years because of political uncertainty at the Centre Worsening Balance of Payment position and inflation during 1990-91.
• The plan undertook drastic policy measures to combat the bad economic situation and to undertake an annual average growth of 5.6%.
• Some of the main economic outcomes during eighthplan period were rapid economic growth, highgrowth of agriculture and allied sector, andmanufacturing sector, growth in exports andimports, improvement in trade and current accountdeficit