Question
Download Solution PDFHow many five-year plans were covered during 1951-1990?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Option 2.
Key Points
- India implemented a total of 7 five-year plans between 1951 and 1990.
- The first five-year plan began in 1951, focusing on agricultural development and infrastructure.
- Subsequent plans aimed at industrialization, poverty reduction, and economic growth.
- The seventh five-year plan (1985-1990) emphasized productivity, modernization, and self-reliance.
- The planning process during this period was overseen by the Planning Commission, established in 1950.
Additional Information
- Five-Year Plans in India:
- Introduced in 1951, inspired by the Soviet Union's model of centralized economic planning.
- Aimed to set targets for national development over a five-year period.
- Planning Commission:
- Established in 1950 by the Government of India.
- Responsible for formulating and overseeing five-year plans until its dissolution in 2014.
- Major Focus Areas:
- Agriculture (First Plan), Industrialization (Second Plan), Poverty Alleviation (Fourth Plan).
- Self-reliance and modernization (Seventh Plan).
- Transition After 1990:
- The era of economic liberalization started in 1991, shifting focus to market-driven reforms.
- Five-year plans continued until 2017, replaced by the NITI Aayog framework.
Last updated on Jun 30, 2025
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