Second Plan (1958–1962) Encouraging the economic growth of China through industry, agriculture, handicrafts, transportation and commerce. Cultivating cultural and scientific development of the Chinese people. Strengthening national defense and improving living standards in China.
INDIA'S FIRST FIVE YEAR PLAN covered the period from April 1951 through March 1956; the Second Five Year Plan covers the period from April 1956 through March 1961. The main objectives of planning in India are, broadly, to double real national income in less than 20 years and to double the per capita income in 25 years.
The Second Five Year Plan was based on Mahalanobis Model. It was made from 1956 to 1961, under the leadership of Jawaharlal Nehru. Its main focus was on the industrial development of the country. P. C. Mahalanobis was a famous Indian statistician who founded the Indian statistical Institute.
This Plan has been formulated on the basis of the “14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and 2035 Long-Term Objective Planning,” the “National Informatization Development Strategy Outline,” etc.; it is an important component of the national planning system ...
In 1953, Mao launched China's First Five Year Plan, which was primarily based on keeping foreign imports to a minimum and rapidly increasing the outputs of heavy industry. Agricultural outputs were used to feed the urban population and support industrial growth. Steel was a core target for development.
The Plan also called for the prioritization of national defense in the light of a possible big war, actively preparing for conflicts and speeding up construction in three key areas; national defense, science and technology, and industry and transport infrastructure.
The First Five-Year Plan (1953-57) was an economic policy adopted by the Chinese Communist Party (CCP) after it seized control of China. The plan drew on models of economic development previously used in the Soviet Union. It set ambitious targets for infrastructure and production, particularly in heavy industries.
MCF is the CCP's strategy to develop the People's Liberation Army (PLA) into a "world class military" by 2049. Under MCF, the CCP is systematically reorganizing the Chinese science and technology enterprise to ensure that new innovations simultaneously advance economic and military development.
The Great Leap Forward was a five-year economic plan executed by Mao Zedong and the Chinese Communist Party, begun in 1958 and abandoned in 1961. The goal was to modernize the country's agricultural sector using communist economic ideologies.
The Thirteenth Five-Year Plan, which covers the period from 2016–2020, sets five major objectives: Technological and informatisation: The Plan sets the most ambitious targets for technological development to date. Innovation takes first place in the Plan and takes up a whopping thirty-eight pages.
Second Five Year Plan (1956 – 1961)
The Second Five Year Plan revolved around the idea of developing the public sector and rapid industrialisation. The plan was allocated nearly 50 billion rupees in various fields to achieve targets. The scale of production and the production method was given a push for good.
The second five-year plan gave heavy industry top priority, putting the Soviet Union not far behind Germany as one of the major steel-producing countries of the world. Further improvements were made in communications, especially railways, which became faster and more reliable.
Under the Second Five-Year Plan (1933-37), the state devoted attention to consumer goods, and the factories built during the first plan helped increase industrial output in general. By the late 1930s, however, collectivized farms were performing somewhat better (after reaching a nadir during the period 1931-34).
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.
Sir Mokshagundam Visvesvaraya is known as the Father of Indian Economic Planning. The first five year plan was presented in the parliament by Prime Minister Jawaharlal Nehru in December 1951. This plan promoted the idea of self reliant closed economy and was developed by Prof.
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.
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 ...
What is the 12th Five Year Plan? The Chinese Government's 12th Five Year Plan was implemented to focus on transforming China from an export driven economy to one built upon consumer driven growth. In order to bring this change about the Five Year Plan has identified key industries to target for development and support.
Major Targets of the 11th Five-Year Plan
Of the compulsory targets, half are directly related to energy and the environment. The energy efficiency target—a 20 percent reduction in energy intensity over the five-year plan—is especially ambitious, reflecting a number of growing concerns of the central government.
MIC 2025 is an initiative which strives to secure China's position a global pow- erhouse in high-tech industries. The aim is to reduce China's reliance on foreign technology imports and invest heavily in its own innovations in order to create Chinese companies that can com- pete both domestically and globally.
With their competitive labor costs, well-developed infrastructure, and ever-improving production processes, these countries are increasingly attractive options for businesses around the world. As such, it looks like India and Vietnam are well on their way to replacing China as the go-to for global manufacturers.
China and Japan have a territorial dispute over a group of uninhabited islands known as the Senkaku Islands in Japan, the Diaoyu Islands in the People's Republic of China (PRC), and Tiaoyutai Islands in the Republic of China (ROC or Taiwan).
The Sixth Five-Year Plan was a great success to the Indian economy. The target growth rate was 5.2% and the actual growth rate was 5.7%.
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.
Ans. India's five year plans have faced many failures such as poor implementation, lack of coordination between different sectors, corruption, inadequate infrastructure, and insufficient funds allocation to critical sectors like education and healthcare.