Explain of 5 year plans
Answer:
A plan is a proposed list of goals that a economy wants to achieve within a specific period of time. It suggests the optimum ways to utilise the scarce available resources to achieve the enlisted goals. In India, planning is done for a period of five years, which is called five year plans.
The five year plans started under the leadership of Pandit Nehru. Its main focus was on the agriculture development of the country.The plan was successful and achieved the growth rate of 3.6%.This made the economy independent to an extend.
The second focus was on the industrial development. This plan lagged behind the target. The industrial development could have increased the employment and helped in the eradication of poverty in the country.
A plan is a proposed list of goals that a economy wants to achieve within a specific period of time. It suggests the optimum ways to utilise the scarce available resources to achieve the enlisted goals. In India, planning is done for a period of five years, which is called five year plans.
The five year plans started under the leadership of Pandit Nehru. Its main focus was on the agriculture development of the country.The plan was successful and achieved the growth rate of 3.6%.This made the economy independent to an extend.
The second focus was on the industrial development. This plan lagged behind the target. The industrial development could have increased the employment and helped in the eradication of poverty in the country.