Question

List any three importance of five year plans?



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Answer 1

Answer:

Importance of five year plans:–

•The five year plans help the government to trackle problems of poverty unemployment and price rise.

• The five year plans had led to an improvement in infrastures such as ,increased power generation, better communication and transportation this in return has facilitated Industrial and agriculture development.

• The five year plans have also help in better distribution of public resources for the purposes of sociol economic development.

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Explanation:

Answer 2

Answer:

• The idea was to plan public spending for equitable growth rather than leaving expenditure to the market forces.

• The Five-Year Plans played a great role in lifting India's social sector and building of heavy industry.

• A centralised planning system could ensure that the money gets spent where it was the most needed.