When was five year plan was formulated
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The five year plan was formulated in1950 but it was changed in 1 January 2015 as NITI AAYOG.
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Second Five Year Plan (1956 – 1961): The great contribution to this was given by P.C. Mahalanobis model. It was also known as the “Industry and Transport plan”. The main focus was industrial development.
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