Question: What Was The Main Purpose Of The First Five Year Plan?

What is the meaning of Five Year Plan?

noun (sometimes lowercase) any plan for national economic or industrial development specifying goals to be reached within a period of five years, especially as undertaken by the Soviet Union and China..

Which plan is known as Gadgil plan?

Third Five Year Plan: This plan is called ‘Gadgil Yojna’ also. III. The main target of this plan was to make the economy independent and to reach the self active position of take-off.

Who gave Gandhian plan?

Sriman Narayan AgarwalGandhian Plan: Sriman Narayan Agarwal formulated ‘Gandhian Plan’ in 1944. People Plan: In 1945, yet another plan was formulated by the radical humanist leader M.N. Roy, chairman of the Post-War Reconstruction Committee of Indian Trade Union.

Which plan is called rolling plan?

The Janta Government terminated the fifth five year plan in 1977-78 and launched its own sixth five year plan for period 1978-83 and called it a Rolling Plan.

Who finally approves the five year plan?

The NDC, headed by the Prime Minister with all Chief Ministers and Cabinet Ministers on board, is the final authority to approve the five-year long policy document.

What was the aim of the second five year plan?

India’s Second Five-Year Plan (1956-61)! The second plan was to set India on the path of industrialisation. P.C. Mahalanobis was the moving spirit behind the second five year plan. He gave the highest priority to strengthening the industrial base of the economy.

Was China first five year plan successful?

China’s first Five-Year Plan was successful in increasing the country’s economic growth and expanding key industries, including iron, steel and coal production and machine building. It also initiated China’s shift towards a socialism. Industrial production increased at an average annual rate of 19% between 1952-1957.

Who is father of Blue Revolution?

Hiralal ChaudhuriNotes: Dr. Hiralal Chaudhuri and Dr. Arun Krishnsnan known as Father of Blue revolution.

Who is known as Mother of India?

Bhikaiji Rustom Cama,or Madam Cama was born on 24 September 1861 in Bombay. She was an outstanding lady of great courage, fearlessness, integrity, perseverance and passion for freedom. and is considered as the mother of Indian revolution because of her contributions to Indian freedom struggle.

What did the Five Year Plans achieve?

Stalin’s First Five-Year Plan, adopted by the party in 1928, called for rapid industrialization of the economy, with an emphasis on heavy industry. It set goals that were unrealistic—a 250 percent increase in overall industrial development and a 330 percent expansion in heavy industry alone.

What was the purpose of the first Five Year Plan?

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.

What was the main focus of First Five Year Plan Class 10?

First Five-Year Plan in India With the Partition as backdrop, the country reeling with the influx of refugees, severe food shortage and mounting inflation, the First Five-Year Plan was introduced in 1951. It focused primarily on the development of the primary sector, specifically agriculture and irrigation.

Who is called the father of Indian planning?

Sir M VisvesvarayaSir M Visvesvaraya, a Bharat Ratna recipient, was an engineer, statesman, and a scholar. He served as the Diwan of Mysore during the period of 1912-1918. In 1934, he published a book titled “Planned Economy in India”, in which he presented a constructive draft of the development of India in next ten years.

Does five year plan still exist?

The decades-old Five-Year Plans will make way for a three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document. The Niti Aayog, which has replaced the Planning Commission, is launching a three-year action plan from April 1.

Who is known as father of planning?

PC Mahalanobis: The father of Indian statistics who introduced concept of planned economy. India.

What was Stalin’s second five year plan?

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.

What happened to the kulaks?

The kulaks were decimated in the 1930s following orders by Joseph Stalin in order to guarantee collectivisation. The word kulak originally referred to former peasants in the Russian Empire who became wealthier during the Stolypin reform from 1906 to 1914.

What was the focus of the first Five Year Plan?

In the Soviet Union, the first Five-Year Plan (1928–32), implemented by Joseph Stalin, concentrated on developing heavy industry and collectivizing agriculture, at the cost of a drastic fall in consumer goods.

Were Stalin’s 5 year plans successful?

The Soviet Union’s achievements were tremendous during the first five-year plan, which yielded a fifty-percent increase in industrial output. To achieve this massive economic growth, the Soviet Union had to reroute essential resources to meet the needs of heavy industry.

Which Five Year Plan was most successful?

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%. The only Five-Year Plan which was done twice.

Which 5 year plan is known as People’s Plan?

4. People’s Plan. People’s plan was drafted by M. N. Roy, the communist leader, on behalf of the Post- War Re-Construction Committee of the Indian Federation of Lahore in 1944. It was based on ‘Marxist Socialism’ and gave primacy to agriculture.