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INDIA'S FIRST FIVE YEAR PLAN covered the period from April 1951 through March 1956; the Second Five Year Plan covers the period from April 1956 through March 1961. The main objectives of planning in India are, broadly, to double real national income in less than 20 years and to double the per capita income in 25 years.
Mixed economy is an economic system where decisions are taken by both public as well as private sectors. ... To meet the heavy need of growth, industrialisation, private sectors were also given chance to enter these areas of core importance. Hence, India opted for Mixed economy.
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