The first five-year plan was quite a success, according to growth analysis. When the plan was only aiming to achieve a growth of 2.1% GDP, the growth reached up to 3.6%, leading to a huge economic development that India had not seen for years.
It was a successful plan primarily because of good harvests in the last two years of the plan. Objectives of rehabilitation of refugees, food self sufficiency & control of prices were more or less achieved. Mahalanobis Plan).
In China the first Five-Year Plan (1953–57) stressed rapid industrial development, with Soviet assistance; it proved highly successful.
The correct answer is Eleventh plan.
Third Five Year Plan was a failure due to India-China war followed by Indo-Pakistan. Third Five Year Plan (1961-66) aimed to make India's economy 'self-reliant' and 'self-generating'. It has faced a lot of political and economic crisis.
This indicated a miserable failure of the Third Plan, and the government had to declare "Plan Holidays" (1966-67, 1967-68, and 1968-69). The Sino-Indian War and the Indo-Pak War, which caused the Third Five Year Plan to fail, were the primary causes of the plan holidays.
The First Five-Year Plan was very successful in terms of industrialisation because the plan started the Soviet Union s journey to becoming an economic and industrial world power.
Fourth Five Year Plan:
This plan was a failure and achieved a growth rate of 3.3% only against the target of 5.7%. The liberation of Bangladesh and Influx of Bangladeshi refugees and successive failures of monsoon are the few problems that made this plan a failure.
The second five-year plan, based on a socialist model, aimed for a 25% rise in national income through rapid industrialization, but only 20% was realized. Furthermore, per capita income increased by only 8%. Domestic industrial product manufacturing was encouraged, particularly in the public sector's development.
The First Five-Year Plan was declared a success by Stalin in 1932, about 10 months earlier than planned, having exceeded the production goals for heavy industry. In spite of these declarations of success, the plan failed to meet all the quotas and had an enormous human toll.
The Plan resulted in radical measures that forced farmers to give up their land and their livestock. Many people were reduced to extreme poverty and famine became widespread. Terror, violence, and fear replaced the initial optimism about the Plan.
Officially, the first five-year plan for the industry was fulfilled to the extent of 93.7% in just four years and three months. The means of production in regards to heavy industry exceeded the quota, registering 103.4%. The light, or consumer goods, the industry reached up to 84.9% of its assigned quota.
The correct answer is Agriculture. The First Five Year Plan in India was from 1951 to 1956. The plan was based on the Harrod-Domar model. Gave priority to the agricultural development of the country.
India, had a total of 12 five years plans.
Check out all the Five Year Plan in India in detail. In the following article, you will know more about the economic growth rate, objectives, assessment and result of all the Five Year Plan in India. Five Year Plan in India was first launched in 1951.
The various kinds of achievements of economic planning in India are an increase in the national income and the per capita income of the country; growth in the field of agriculture, rapid industrialization, increased formation of capital and lastly the development of social and economic infrastructure.
While the Second Five Year Plan was a huge step forward, it ultimately felt short, and a lot of the issues that were supposed to be dealt with remained intact. For starters, the plan did not help fight the issue of poverty which was significant back then and remains a big issue in the present day as well.
Five-Year Plans are plans that focused on the economic development of India. Out of the 12 Five-Year Plans that were implemented, seven failed to achieve their target. The reasons for this failure include shortage of resources and faulty implementation of plans.
Answer: In many ways, the third plan was a failure. The failure was caused by Chinese aggressiveness against India and the conflict with Pakistan, as well as weak monsoon seasons in 1964-65 and 1965-66, and a lack of coordination between the federal and state governments.
In 1978, the Fifth Five-Year Plan to cover the period of 1978 – 1983 was published. But the Government failed to pursue the plan mainly because of uncertain political as well as economic conditions at that time.
During the 13th Five-Year Plan period, China rolled out a slew of measures to address people's concerns: More than 60 million new urban jobs were created; over 50 million urban residents moved from unsuitable housing to new homes; nearly 30 million elderly people were provided with old-age care subsidies; and in the ...
The Twelfth Five Year plan for health services in India covering 2012-2017 was formulated based on the recommendation of a High Level Experts Group (HLEG) and other stakeholder consultations. The long-term objective of this strategy is to establish a system of Universal Health Coverage (UHC) in the country.
The Second Five-Year Plan – 1933-37
Forced collectivisation had also led to food shortages, rationing and even famine. Many workers changed jobs regularly and skilled workers were in short supply.
Five-year plans were designed and implemented until the dissolution of the USSR in 1991. Some of them took less than five years to complete while one was abandoned because unrealistic targets were adopted. For the second Five-Year Plan, Russia continued its focus on industrial growth.
In all, there were thirteen Soviet five-year plans. The first ran from the autumn of 1928 to 1933; at that time the accounting year began in October with the end of the harvest. The third plan (1938-1942) was interrupted in mid-1941 by World War II. Five-year planning began again with the fourth (1946-1960).