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What is the purpose of the five-year plans?
What is the purpose of the five-year plans?
To make plans for income and expenditure for the next five years in the context of economic development.
Who is responsible for the task of creating the plans?
Who is responsible for the task of creating the plans?
The Planning Commission
What is the first five-year plan's duration?
What is the first five-year plan's duration?
The first five-year plan's duration was five years.
What is the significance of the five-year plans?
What is the significance of the five-year plans?
When was the beginning of the first five-year plan in India?
When was the beginning of the first five-year plan in India?
What was the duration of the first five-year plan?
What was the duration of the first five-year plan?
What was the main objective of the first five-year plan?
What was the main objective of the first five-year plan?
What sectors received investments during the first five-year plan?
What sectors received investments during the first five-year plan?
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Study Notes
Five-Year Plans in India
- The purpose of the five-year plans is to achieve rapid economic growth and self-reliance in India.
Planning Commission
- The Planning Commission is responsible for creating the five-year plans.
First Five-Year Plan
- The first five-year plan's duration was from 1951 to 1956.
- The beginning of the first five-year plan in India was in 1951.
- The duration of the first five-year plan was five years, from 1951 to 1956.
- The main objective of the first five-year plan was to increase the production of food grains and to stimulate industrial growth.
- The sectors that received investments during the first five-year plan were agriculture, industry, and infrastructure.
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