Five Year Plans

First Five-Year Plan (19511956) The counterbalance Indian Prime Minister, Jawaharlal Nehru[->0] presented the starting time five dollar bill-year plan to the Parliament of India[->1] on December 8, 1951.This plan was ascendent on the Harrod-Domar model[->2]. The plan turn to, 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 broad(a) planned budget of 2356 crore was tout ensembleocated to seven broad areas: irrigation[->4] and energy[->5] (27.2 percent), agriculture[->6] and residential district 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 essential feature article of this phase was active enjoyment of bring up in all economic sectors. Such a role was justified at that time because immediately after independence, India was pit about basic problems wish of capital and low capacity to save. The show growth charge per unit was 2.1% annual gross domesticated 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 gritty 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 r ace growth[->18]. many irrigation projects w! ere 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 set up to take care of funding...If you compliments to get a full essay, order it on our website: BestEssayCheap.com

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