The failure was caused by Chinese aggression toward India as well as a dispute with Pakistan. Moreover, weak monsoon rains during 1964-65 as well as 1965-66, and poor coordination between federal and state administrations also contributed to the failure of the 3rd five-year plan.
However, in the short term the plan was a failure, almost 7 million people died from famine, which was a direct consequence of the policies of rapid industrialisation and collectivisation. People were being forced to work in labour camps, a lot people died working in these camps.
Third plan, 1938–1941
Still, a reported 12% to 13% rate of annual industrial growth was attained in the Soviet Union during the 1930s. The plan had intended to focus on consumer goods. The Soviet Union mainly contributed resources to the development of weapons and constructed additional military factories as needed.
After the German invasion of 1941, damage to the economy in both human and material terms was devastating. The regime virtually abandoned the Third Five-Year Plan as it sought to mobilize human and material resources for the war effort.
The Third Five Year Plan had 2 main successes: ❖ Heavy industry grew. ❖ Defence and armaments grew quickly as one-third of investment was spent on them. This was the basis of a very strong armaments industry which was used during the Cold War.
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 was overall a great success: The national economy maintained a stable rate of growth. The average annual growth rate for industrial and agricultural products was 11%.
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 correct answer is Eleventh plan.
INDIA launched its Third Five Year Plan for economic development in April 1961. This Plan seeks to carry one stage further the development effort initiated ten years ago.
The third Five-Year Plan (1938–42) emphasized the production of armaments. The fourth (1946–53) again stressed heavy industry and military buildup, angering the Western powers. In China the first Five-Year Plan (1953–57) stressed rapid industrial development, with Soviet assistance; it proved highly successful.
The First Five Year Plan was a success in terms of industrial production. Coal outputs increased by 98% and the overall annual growth rate for the Chinese economy was 16%.
The first five year plan was created in order to initiate rapid and large-scale industrialization across the Union of Soviet Socialist Republics (USSR). Having begun on October 1st, 1928, the plan was already in its second year when Harry Byers first set foot in the Soviet Union.
Lack of leadership and commitment by the interested parties. This translates into a lack of ownership of the project, especially by those directly responsible. In turn, this makes it difficult to assume responsibility (accountability) or make critical decisions when things go wrong.
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.
Three and five year strategic plans are often used in conjunction with short term planning to allow an organization to see how short term projects and actions contribute to long term goals. From this dashboard view, users can drill down on the critical KPIs for more details and to see action plans.
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 ...
Successes of the first five-year plan
Although many of the goals set by the plan were not fully met, there were several economic sectors that still saw large increases in their output. Areas like capital goods increased 158%, consumer goods increased by 87%, and total industrial output increased by 118%.
Growth in workers income, from 1953 to 1957, was 9% per annum and industrial production grew by 19% YoY. Production in these major target areas increased: Eg 16.56 million tonnes of steel was produced between 1953-57 which was double China's combined steel production between 1900 and 1948. Urban populations benefitted.
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.
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.
Mao saw grain and steel production as the key pillars of economic development. He forecast that within 15 years of the start of the Great Leap, China's industrial output would surpass that of the UK.
During the Qing period, Chinese territory reached its greatest extent. While the Qing empire was relatively stable, the 19th and 20th centuries brought China into increasing conflict with Western powers, and in 1911 C.E., the last of the Chinese emperors, Puyi, abdicated in favor of a republican government.
Therefore, the two most negative aspects of Joseph Stalin's first Five-Year Plan were the shortage of consumer goods, due to the fact that the only things factories produced were products needed by the state, and the use of enslaved laborers.