what was the main focus of first five year plan ?
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five year plan.was introduced by russia. in india From 1947 to 2017, the Indian economy was premised on the concept of planning. This was carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission (1951 - 2014) and the NITI Aayog (2015 - 2017). With the Prime Minister as the ex-officio Chairman, the commission has a nominated Deputy Chairman, who holds the rank of a Cabinet Minister. Montek Singh Ahluwalia is the last Deputy Chairman of the Commission (resigned on 26 May 2014). The Eleventh Plan completed its term in March 2012 and the Twelfth Plan is currently underway.[1] Prior to the Fourth Plan, the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism, which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then to determine the allocation of central assistance for state plans.[2] The new government led by Narendra Modi, elected in 2014, has announced the dissolution of the Planning Commission, and its replacement by a think tank called the NITI Aayog (an acronym for National Institution for Transforming India).
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What was the main focus of first five year plan ?
Explanation:
- The first five year plans are one of the most essential systems of the planning the India as they had a great role in launching the Indian development.
- The development of the independence and thus have strongly supported the agriculture.
- Have integrated the national economic and economic practices being initiated by the first prime minister of the free India in the year 1951.
- With the main focus on the enhancement of the education and removal of the social gap and to provides better services to the country by attainment of the growth in terms of the GDP and the standards of living.
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