During the first five year plan, the highest priority was accorded to ________:

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  1. Agriculture 
  2. Industries 
  3. Defense
  4. Commerce

Answer (Detailed Solution Below)

Option 1 : Agriculture 
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The First Five-Year Plan (1951-1956) was India's first structured economic development plan after independence. It was based on the Harrod-Domar model, which emphasized economic growth through investment and capital formation.

Key Points

  • The highest priority during the First Five-Year Plan was given to agriculture.
  • The Indian economy was largely agrarian, and food security was a major concern due to past famines and shortages.
  • The plan focused on increasing agricultural production, irrigation expansion, land reforms, and community development programs.
  • Major irrigation projects like the Bhakra-Nangal Dam and Damodar Valley Project were initiated to improve water supply for farming.

Hint

  • Industrial development was emphasized in the Second Five-Year Plan (1956-1961) with the Mahalanobis model.
  • Defense was not the focus during this period, as India aimed to allocate resources towards economic recovery and development.
  • Commerce was not given top priority, as trade and commercial activities were secondary to strengthening the rural economy and ensuring food security.

Hence, the correct answer is agriculture.

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