- The Five Year Plans were central to India's planned economy approach after independence. - Each plan had specific objectives, models, and priorities based on the economic conditions and goals of the time.
First Five Year Plan: It was launched for the duration of 1951 to 1956, it was based on the Harrod-Domar model with a few modifications. Its main focus was on the agricultural development of the country. 2. Second Five Year Plan: It was made for the duration of 1956 to 1961, it was based on the P.C. Mahalanobis Model. Its main focus was on the industrial development of the country. 3. Third Five Year Plan: It was made for the duration of 1961 to 1966, this Plan is also called ‘Gadgil Yojana’. The main target of this Plan was to make the economy self reliant. The stress was laid on agriculture and the improvement in the production of wheat. 4. Eighth Five Year Plan: Its duration was from 1992 to 1997. The top priority was given to the development of human resources i.e. employment, education and public health. During this Plan, the Government launched the New Economic Policy of India. Which of the above statements are correct ?
Asked in GPSC Prelims CSP 2 2024 · Topic: Planning (Evolution of Planning in India (Five-Year Plans era))
More Economic Development questions
- The Third Five Year Plan is also known as
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