Q. On what was the first five year plan of the Government of India based?
Answer: Harrod-Domar model
Notes: The First Five Year Plan (1951-1956) was based on the Harrod-Domar model and primarily concentrated on raising the level of investment in irrigation, power and other infrastructure for accelerating growth. Jawaharlal Nehru and Gulzarilal Nanda were the vice-presidents of this five-year plan.

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