Which among the following statements with regard to Five Year Plans in India is/are correct?

1. The First and Ninth five year plans accorded high priority to agriculture

2. The Third Plan was based on the Harrod-Domar Model

3. Seventh Plan focused on food, work and productivity

4. The Ninth five year plan emphasized on massive investments in public sector

Select the answer using the code given below:

The correct answer is 1 and 3.

Key Points

• The First Five-Year Plan (1951-56) accorded high priority to agriculture and emphasized the rehabilitation of refugees, agricultural development, and irrigation.
• The Ninth Five-Year Plan (1997-2002) also focused on agriculture, with an emphasis on high-quality employment generation and poverty reduction.
• The Third Five-Year Plan (1961-66) was based on the Harrod-Domar Model and aimed at making the economy self-reliant.
• The Seventh Five-Year Plan (1985-90) focused on increasing productivity and generating employment, summarized by the objectives of "food, work, and productivity."

Additional Information

• Five-Year Plans were centralized and integrated national economic programs developed by the Planning Commission of India.
• The First Five-Year Plan focused on the agricultural sector, including an increase in food production and addressing the refugee crisis post-independence.
• The Third Five-Year Plan aimed at establishing a self-reliant economy and focused on the industry, primarily steel production.
• The Ninth Five-Year Plan included the introduction of the concept of 'growth with social justice and equity' and emphasized agricultural growth.
• The Seventh Five-Year Plan aimed at improving the efficiency of the agricultural sector, generating employment, and ensuring food security.