what are the five year plans
Answers
Answer:
from 1947 to 2017 the indian economy was permised on the concept of planning. this was carried through five years plan.
Explanation:
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Answer:
Five-Year Plans are method of planning economic growth over limited periods, through the use of quotas, used first in the Soviet Union and later in other socialist states.
Explanation:
The objectives of these five-year plans were as follows:
Economic Growth
Economic Equity and Social Justice
Full Employment
Economic Self-Reliance
Modernisation
The present NDA government has stopped the formation of five-year plans. So the 12th five-year plan would be called the last five-year plan of India. The decades-old Five-Year Plans will make way for a three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document. The Niti Aayog has replaced the Planning Commission in the Modi Cabinet and has launched a three-year action plan from April 1, 2017, onwards.