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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 years plan's president was Jawaharlal Nehru and Gulzarilal Nanda was the vice-president. The motto of first five years plan was ...
First five-year plan may refer to: First five-year plan (China) First Five-Year Plans (Pakistan) First five-year plan (Soviet Union) See also.
The First Five-Year Plan was deeply influenced by Soviet methodologies and assistance from Soviet planners. [ 2 ] : 68–69 Compared to the Soviet planning method, however, the Plan had less centralized planning with regard to consumer goods and regional planning authorities had greater authority.
The first Five-Year Plan was launched in 1951, focusing mainly on development of the agricultural sector. Two subsequent Five-Year Plans were formulated before 1965, when there was a break because of the Indo-Pakistan conflict.
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.
The First Five-Year Plan was deeply influenced by Soviet methodologies and assistance from Soviet planners. [ 4 ] : 68–69 Industrial development was the primary goal. [ 4 ] : 67 With Soviet assistance in the form of both funds and experts, China began to develop industries from scratch.
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. [14] 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 ...
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.