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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. This five-year plan's president was Jawaharlal Nehru and Gulzarilal Nanda was the vice-president. The motto of the First Five-Year Plan was ...
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 ...
The 1956 policy continued to constitute the basic economic policy for a long time. This fact has been confirmed in all the Five-Year Plans of India. According to this resolution the objective of the social and economic policy in India was the establishment of a socialistic pattern of society. It provided more powers to the governmental machinery.
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]
Like a command economy, India had Five-Year Plans on the lines of the five-year plans in the Soviet Union. However, unlike Soviet Union, private sector also played a significant role. The Planning Commission was set up in 1950 to survey the available resources in the country and formulate plans to raise the standard of living. [21]
The Planning Commission was an institution in the Government of India which formulated India's Five-Year Plans, among other functions.. In his first Independence Day speech in 2014, Prime Minister Narendra Modi announced his intention to dissolve the Planning Commission.
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 1957 Five years plan to governing aborigines – Japanese plan in the early twentieth century to control the native population of Taiwan
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 ...