2) What were the things that were kept in view at the time of formulating Five-Year Plans?
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The Planning Commission visualised projects with a five year plan perspective. The aim of the Five Year Plans was to identify and prioritise certain sectors to attain the given targets.
FIRST FIVE YEAR PLAN (1951-1956) - DEFINITION
The expenditure in this plan was primarily on:
(1) Agriculture (2) Social development (3) Irrigation and flood control (4) Sources of energy (5) Rural and small industries (6) Heavy industries (7) Minerals (8) Transport and communication and (9) Education and health.
This plan consisted of measures to lay the foundations of planned economic development
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