Economy, asked by pushpadolia, 9 months ago

What was the long term and short term effects of five year plans in India

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Answered by Rahul9048

1

Answer:

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.

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