History, asked by ayushtony, 1 year ago

what is the first five year plan

Answers

Answered by KanikAb

The government provide a 12th year planning taking the interval of five years.

ayushtony: what

ayushtony: please explain this

KanikAb: Means there was a 12th year planning before the niti aayog.... When this niti aayong came into being then the 12th year of planning was changed as the new govt decided

Answered by Anonymous

First five year plan:

>> K. N. Raj, a young economist drafted this plan.

>> The first five year plan (1951 - 56) focused on eradication of poverty from the country.

>> It addressed mainly, the Agragarian sector including investment in dams and irrigation.

>> It focused on land reformers as the key to country's development.

>> One of the basis aim of first five year plan was to raise the level of national income.

Drawbacks of first five year plan:

>> The basic aim was to raise the level of national income which was not possible till the people saved more money than they spend.

>> Basic level of spending was very low, so planners try to push savings up.

>> Public's saving could not rise till the end of third five year plan.

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