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The Five-Year Plans of India were a series of national development programmes implemented by the Government of India from 1951 to 2017. [1] Inspired by the Soviet model , these plans aimed to promote balanced economic growth , reduce poverty and modernise key sectors such as agriculture, industry, infrastructure and education.
Stalin announced the start of the first five-year plan for industrialization on October 1, 1928, and it lasted until December 31, 1932. Stalin described it as a new revolution from above. [12] When this plan began, the USSR was fifth in industrialization, and with the first five-year plan moved up to second, with only the United States in first ...
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 ...
Industrial production as a result of the 5 Year Plans was also rapid. During the first 5 Year Plan for example, Cast Iron production reportedly saw a 188%, going from 3,300,000 tonnes to 6,240,000 tonnes a year. [40] In 1928, industrial output of electricity was 5,000,000,000 kW/h, rising to 13,000,000,000 kW/h by 1932, an increase of 270%.
The first five-year plan (Russian: I пятилетний план, первая пятилетка) of the Union of Soviet Socialist Republics (USSR) was a list of economic goals, implemented by Communist Party General Secretary Joseph Stalin, based on his policy of socialism in one country.
Stalin in December 1932 declared the plan success to the Central Committee since increases in the output of coal and iron would fuel future development. [8] During the Second Five-Year Plan (1933–1937), on the basis of the huge investment during the first plan, the industry expanded extremely rapidly and nearly reached the plan's targets. By ...
In 1928, the first five-year plan was launched by Stalin with a main focus on boosting Soviet heavy industry; [255] it was finished a year ahead of schedule, in 1932. [256] The country underwent a massive economic transformation: [257] new mines were opened, new cities like Magnitogorsk constructed, and work on the White Sea–Baltic Canal ...
Second Five-Year Plan may refer to: Second five-year plan of Argentina; Second Five-Year Plan (Bhutan) Second Five-Year Plan (China) Second Five-Year Plan (India) Second Five-Year Plan (Nepal) Second Five-Year Plans (Pakistan) Second Five-Year Plan (Romania) Second Five-Year Plan (South Korea) Second Five-Year Plan (Soviet Union) Second Five ...