Question
Download Solution PDFThe main focus of the First Five Year Plan was to develop the _________ sector like agriculture.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is agricultural sector.
Key Points
- The First Five Year Plan in India was active between 1951 and 1956.
- The plan was based on the Harrod-Domar model.
- This plan gave priority to the agricultural sector of the country.
- The First Five Year Plan was presented before the parliament by Jawaharlal Nehru.
- Gulzarilal Nanda was the first Deputy Chairman of the Planning Commission of India.
- Economist K N Raj is known as the architect of this plan.
- It was quasi-successful for the government.
- The target growth rate of the First Five Year Plan was 2.1% annual gross domestic product (GDP) growth.
Additional Information
- The second Five Year Plan gave priority to the Industrial development of the country.
- The fifth Five Year Plan gave priority to agriculture, industry, and mines.
- The eighth Five Year Plan gave priority to the development of human resources(Human Model).
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