Question

Gi
ve achievement of five year plan.​

Answer 1

Prior to first five year plan, Indian economy was backward. Population was increasing more as compared to economic growth.

The situation of trade and industries was far from satisfaction. The rate of capital formation was at low level. The per capita income in the country was also very low.

Objectives:The main objectives of the First Five Year Plan are explained as under:

1. To reform the country’s economy.

2. To solve the food problem.

3. To raise the standard of living.  

4. To provide social and economic justice.