what was 5 year plan? (in deatil)
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a national governmental program of planned, coordinated, and cumulative economic and social development over a period of five years
The First Five-Year Plan of India was presented by Pandit Jawaharlal Nehru. It was launched in 1951. The main focus of this plan was the primary sector. The primary sector of the economy is an economy making direct use of natural resources and also includes agriculture, forestry, fishing and mining. The first Five-Year Plan was one of the most important because it had a great role in the launching of Indian development after the Independence. Thus, it strongly supported agriculture production and it also launched the industrialization of the country. The total outlay was worth Rs.2,069 crore.
The First Five-Year Plan of India was presented by Pandit Jawaharlal Nehru. It was launched in 1951. The main focus of this plan was the primary sector. The primary sector of the economy is an economy making direct use of natural resources and also includes agriculture, forestry, fishing and mining. The first Five-Year Plan was one of the most important because it had a great role in the launching of Indian development after the Independence. Thus, it strongly supported agriculture production and it also launched the industrialization of the country. The total outlay was worth Rs.2,069 crore.
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