Describe the achievements and failures of five-yearly planning in India.
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Answer:
achievements of 5 year plan
The actual increase in national income is seen to date. At the beginning of new India after independence, India had less than 2% of income per annum. Per capita income also went up. GDP growth was a result of capital formation that triggered while planning periods. Employment was increased and many income generation programs became successful. The major contribution was the improvement in social infrastructure and it helped in solving real ground level problems. Facilities like banking, communication, hospitals, irrigation and so on superseded every other achievement.
failures of five-year plan
poverty was the central theme of almost all plans. But when we take a look it is not cured as it should have been. Inflation rates were touching the sky with the unemployment spiral. The ethical goal of planning was the equitable distribution of social and economic benefits. But the gap always gets widen between classes. Desired results to tackle inequalities were received yet. Infrastructural problems were making people vulnerable and excluded.