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The first Indian prime minister, Jawaharlal Nehru, presented the First Five-Year Plan to the Parliament of India and needed urgent attention. The First Five-year Plan was launched in 1951 which mainly focused in the development of the primary sector. The First Five-Year Plan was based on the Harrod–Domar model with few modifications.
The government was even able to exceed the targeted growth figure with an annual growth rate of 5.0–5.2% over the five-year period of the plan (1974–79). [1] [4] The economy grew at the rate of 9% in 1975–76 alone, and the Fifth Plan, became the first plan during which the per capita income of the economy grew by over 5%. [19]
The model was created as an analytical framework for India's Second Five-Year Plan in 1955 by appointment of Prime Minister Jawaharlal Nehru, as India felt there was a need to introduce a formal-plan model after the First Five Year Plan (1951–1956). The First Five-Year Plan stressed investment for capital accumulation in the spirit of the one ...
Five-Year Plans of South Korea, an economic development project of South Korea; Five-Year Plans of Vietnam, a series of economic development initiatives; Five-year plan of Yugoslavia, which existed from 1946 to 1951; First Malayan Five-Year Plan, the first economic development plan launched by the Malayan government, just before independence in ...
Download as PDF; Printable version; ... Pages in category "Five-year plans of India" The following 2 pages are in this category, out of 2 total. ... 12th Five-Year ...
Download as PDF; Printable version; In other projects Wikidata item; ... Five-Year Plans of India#Fifth Plan (1974–1978) Fifth Five-Year Plan (Soviet Union)
Kakkadan Nandanath Rajan (13 May 1924 – 10 February 2010) was an Indian economist.He is popularly known as K. N. Raj.He played an important role in India's planned development, drafting sections of India's first Five Year Plan, specifically the introductory chapter when he was only 26 years old.
His researches in the 1930s and 40s, were brought out as a book, The Federal problem in India by Gokhale Institute of Politics and Economics in the Indian Independence year of 1947. [29] The institute published another of his work, Economic Effects of Irrigation: report of a survey of the direct and indirect benefits of the Godavari and Pravara ...