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The first two plans developed a institutional structure to take the country on path of developed economy. Third plan for the first time rode on the wave of high expectation following overall growth of the economy of India. In this plan, India made efforts to achieve self reliance in food production and industry. However, the ..
The success of the First Five year plan boosted the confidence of the leaders. The agriculture growth target in the first plan was achieved, so government quickly started looking beyond agriculture. The second five-year plan focused on industry, especially heavy industry. The target of 25% Increase in the national income was set through rapid industrialization. ..
Since 1951 India has completed 11 five year plans and 12th five year plan is about to finish in 2017. Each five year plan started from April 1 of a particular and ended on March 31 of a particular year, so by convention the five year plans take on 5 financial years. India’s First Five ..