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Topics: Economic growth, Five-year plans of India, Economic development Pages: 3 (653 words) Published: August 2, 2013
First Plan (1951-1956)
The 1st five year plan was presented by Jawaharlal Nehru, who was the Prime Minister during that period. It was formulated for the execution of various plans between 1951 to 1956. The Planning Commission was responsible for working out the plan. Objectives of the 1st five year plan(1951 to 1956):

1; improve living standards of the people of India
done by making judicious use of India’s natural resources
The total outlay of the 1st five year plan was worth Rs.2,069 crore. This amount was assigned to different sectors which included: • Industrial sector • Energy, Irrigation • Transport, Communications • Land rehabilitation • Social services • Development of agriculture and community • Miscellaneous issues 2 target set for the growth in the gross domestic product was 2.1percent every year. In reality, the actual achieved with regard to gross domestic product was 3.6 percent per annum. This is a clear indication of the success of the 1st five year plan things came

Irrigation projects were started during that period: • Mettur Dam • Hirakud Dam • Bhakra Dam. government had taken steps to rehabilitate the landless workers, whose main occupation was agriculture workers were also granted fund for experimenting and undergoing training in agricultural know how in various cooperative institutions. Soil conservation, was considerable importance made considerable effort in improving posts and telegraphs, railway services, road tracks, civil aviation. Sufficient fund was also allocated for the industrial sector… growth of the small scale industries. Second Plan (1956–1961)

plan focused on industry, especially heavy industry. Unlike the First plan, which focused mainly on agriculture, domestic production of industrial products was encouraged in the Second plan, particularly in the development of the public sector objective

The plan followed the Mahalanobis model, an economic development model developed by the Indian statistician Prasanta...
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