Fifth year plan is a system, originally invented by former USSR, were a series of centralized exercise, are done for rapid economic development. India has implemented this planning process, after its freedom, and we are going through XI five year plan (2007-2012).
There is a lot of debate on whether these five-year plans, and their benefit, could be trickled-down to the people of India, on the level of execution.
At least, it could be on the level of saving time. Think the situation we would be facing in executing any national development projects, on a nation as big as India, without a proper planning process.
Isn’t it, 1 minute in planning is 10 minutes saving in execution?