First five-year plan Current Affairs, GK & News
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. ..
Topics: Economic history • Economy • First five-year plan • Five-year plans • Five-year plans of China • Five-Year Plans of India • Grigory Feldman • Indian Statistical Institute • Mahalanobis model. • Planning • Public Sector • Second Five Year Plan
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 ..