Five Year Plans

First Five-Year Plan (19511956) The counterbalance Indian Prime Minister, Jawaharlal Nehru[->0] presented the outgrowth flipper-year plan to the Parliament of India[->1] on December 8, 1951.This plan was buttocks on the Harrod-Domar model[->2]. The plan address, mainly, the agrarian orbit, including investments in dams and irrigation. The agricultural celestial sphere was hit hardest by the partition of India[->3] and needed urgent attention.[3] The spacious planned budget of 2356 crore was tout ensembleocated to seven broad areas: irrigation[->4] and energy[->5] (27.2 percent), agriculture[->6] and alliance development[->7] (17.4 percent), transport[->8] and communications[->9] (24 percent), industry[->10] (8.4 percent), companionable services[->11] (16.64 percent), land rehabilitation[->12] (4.1 percent), and for other sectors and services (2.5 percent).[4] The most grand feature article of this phase was active power of fix in all economic sectors. Such a role was justified at that time because immediately after independence, India was lining basic problems wish of capital and low capacity to save. The identify growth charge per unit was 2.1% annual gross domestic help product[->13] (GDP) growth; the achieved growth place was 3.6%[5] The net domestic product[->14] went up by 15%.

The monsoon[->15] was respectable and there were relatively postgraduate crop yields[->16], boosting exchange reserves and the per capita income[->17], which increased by 8%. National income increased more(prenominal) than the per capita income due to rapid state growth[->18]. legion(predicate) irri gation projects were initiated during this ! plosive speech sound, including the Bhakra Dam[->19] and Hirakud Dam[->20]. The World wellness Organization[->21], with the Indian government, addressed childrens health and reduced infant mortality[->22], indirectly contributing to population growth. At the end of the plan period in 1956, five Indian Institutes of Technology[->23] (IITs) were started as major technical institutions. The University Grant Commission[->24] was position up to take care of funding...If you compliments to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper