First 5 Year Plan Dates?
VerifiedAnswer: 1951 - 1956
Explanation:
India's First Five Year Plan was launched on April 1, 1951, and concluded on March 31, 1956. This historic economic planning initiative marked India's systematic approach toward nation-building and economic development after gaining independence in 1947.
The plan was formulated under the guidance of the Planning Commission, which was established in March 1950 with Prime Minister Jawaharlal Nehru as its first Chairman. The primary focus of this plan was on agriculture and rural development, as India needed to achieve food security and strengthen its agricultural foundation.
Key objectives of the First Five Year Plan included:
• Increasing agricultural production to address food shortages • Developing irrigation facilities and flood control measures • Establishing basic infrastructure for industrial growth • Improving transportation and communication networks • Reducing economic inequalities and improving living standards
The plan allocated approximately 44.6% of its budget to agriculture and irrigation, making it clear that rural development was the top priority. Major projects undertaken during this period included the construction of the Bhakra-Nangal Dam, Hirakud Dam, and several community development programs across rural India.
The First Five Year Plan was considered largely successful, achieving most of its targets. It laid the groundwork for India's planned economy approach and established the foundation for subsequent five-year plans that would guide the country's economic development for decades to come.
