Economics for SSC in English Medium.5.pdf

Economics for SSC in English Medium.5.pdf - Planning in...

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K KUNDAN Five Year Plans l Father of Indian Planning: M. Visvesvaraya l The first attempt to initiate economic planning in India was made by Sir M. Visvesvaraya, a noted engineer and politician, in 1934 through his book, Planned Economy for India . l In 1944, ' Bombay Plan ' was presented by 8 leading industrialists of Bombay. l In 1945, 'People's Plan' was given by MN Roy . l In 1950, 'Sarvodaya Plan' was given by JP Narayan . A few points of this plan were accepted by the Government. l The concept of the planning is based on the Russian model initiated by Joseph Stalin . l The Planning Commission was set up in 1950 with Jawaharlal Nehru as its first Chairman. The Planning Commission is only an advisory body according to the 39th article of the Constitution. l The National Development Council (NDC) was set up on August 6, 1952. It gives final approval to plans in India. The Prime Minister is its chairman. All the Chief Ministers of the States, Lt. Governors of Union Territories, all Union Cabinet Ministers and other Planning Commission members are its members. The First Plan (1951-56) l It gave priority to agricultural development . l Community Development Programme (CDP) and Family Planning Programme (FPP) were launched in 1952. l National Extension Service (NES) was launched in 1953 during the First Five Year Plan period. l Important multipurpose projects in India like Bhakra Nangal , Hirakud and Damodar Valley projects were also launched during this Plan period. l The First Five Year Plan was a successful one. The Second Plan (1956-61) l The second Five-year Plan functioned on the basis of Mahalanobis model . The Mahalanobis model was propounded by the famous Prasanta Chandra Mahalanobis. l It gave priority to industrial development . l The three important steel plants of India were built during this Plan period. They are Durgapur (West Bengal) with British help, Bhilai (Chhattisgarh) with Russian help and Rourkela (Orissa) with German help. Planning in India The Third Plan (1961-66) l It failed because of the Chinese aggression in 1962 and the conflict with Pakistan in 1965. l A plan holiday was declared during 1966-1969 due to the conflict with Pakistan. The Fourth Plan (1969-74) l It also failed due to the Indo-Pak war of 1971. l Growth with stability was the objective of the plan. The Fifth Plan (1974-79) l It is associated with Indira Gandhi's slogan of “Garibi hatao” (remove poverty). l Indira Gandhi launched the 20-point programmes during this Plan. Self-sufficiency in food-grains was the major achievement of this Plan. l The Plan was terminated in 1978 by the Janata Government, and they started the Rolling Plan . The Sixth Plan (1980-85) l Elimination of unemployment and poverty was its objective. The Seventh Plan (1985-90) l It also aimed to eliminate poverty and increased employment opportunities and productivity within the framework of basic tenants of planning.
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  • Spring '12
  • moses
  • Macroeconomics, Economic Census, Eleventh Plan, Five-year plans of India

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