Question

Role of five year plan in indian social and economic development

Answer 1

The planning in India was only about the public sector. The first Five-Year Plan was launched in 1951. 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.


5 principles for remaking economic development to generate growth, prosperity, and inclusion. “Embracing a broader vision of economic development is an economic and fiscal imperative,” Amy Liu writes in her new report, “Remaking Economic Development: The markets and civics of continuous growth and prosperity.”