Five Year Plan Objectives and Implementation
Learn about the key objectives of five-year plans, including economic, social, and political goals, and the history behind their inception in countries like the Soviet Union and India. Explore the importance of national income growth, employment, social security, poverty reduction, and more in economic development strategies.
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Presentation Transcript
Five Year Plan Five Year plan is a government plan for economic development over FiveYear.The first such plan in the Soviet Union was inaugurated in 1928.In India the first five year plan was presented in the parliament by Prim Minister Jawaharlal Nehru in December 1951.This plan promoted the idea of self reliant closed economy and was developed by Prof.P.C.Mahalanobis.But Mokshagundam Visvesvaraya is known as the father of Indian economic Plan.
Objective of five year plan ECONOMICAL OBJECTIVE (a) Increases in National income &per capita income. (b)Price stability. (c)Economic development (d)Increase in Employment (e) Full utilisation of Natural Resources (f) Self sufficiency (g) Reconstruction
SOCIAL OBJECTIVE (a)Social Security (b)Removal of Poverty (c)Reductionin inequality of income.
POLITICAL OBJECTIVE (a)Planning for protection (b) Planning for War. (c)Planning for Peace.
