Question

why are 5 years plans are essential for India for 2 marks questions

Answer 1

Five year plans are required for the effective functioning of the government. 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.