What is the second five year plan based on?

The second five year plan is based on so called Mahalanobis model. This was the USSR model indianized by PC Mahalanobis, the founder of Indian Statistical Institute and a close aide of Nehru.

Why was the five year plan formed?

In the Soviet Union, the first Five-Year Plan (1928–32), implemented by Joseph Stalin, concentrated on developing heavy industry and collectivizing agriculture, at the cost of a drastic fall in consumer goods. The fourth (1946–53) again stressed heavy industry and military buildup, angering the Western powers.

Who prepared 12th five year plan?

12th Five Year Plan of the Government of India (2012–17) was India’s last Five Year Plan. With the deteriorating global situation, the Deputy Chairman of the Planning Commission Mr Montek Singh Ahluwalia has said that achieving an average growth rate of 8 per cent in the next five years is not possible.

What were the targets of second five year plan?

The second five-year plans gave highest priority to heavy industrial development, and advancement in literature and science, and had a single underlying purpose: “to advance the country as far as possible, within the next five years, along the road of these long-range objectives.”.

Which plan is called rolling plan?

Rolling Plan was the sixth five year plan introduced by the Janata Government for the time period 1978-83, after removing the fifth five year plan in 1977-78. You can read about the National Institution for Transforming India (NITI Aayog) – A Brief Overview in the given link.

Who is program gave the slogan of garibi hatao?

Garibi Hatao (“Remove poverty”) was the theme and slogan of Indira Gandhi’s 1971 election campaign.

Were Stalin’s 5 year plans successful?

In China, the first Five-Year Plan (1953–57) stressed rapid industrial development, with Soviet assistance; it proved highly successful.

Which five year plan is most successful?

The Sixth Five-Year Plan was a great success to the Indian economy. The target growth rate was 5.2% and the actual growth rate was 5.7%.

What are the 12 Five Year Plans?

History.

First Plan (1951–1956)

Second Plan (1956–1961)

Third Plan (1961–1966)

Plan Holidays (1966–1969)

Fourth Plan (1969–1974)

Fifth Plan (1974–1978)

Rolling Plan (1978–1980)

Which five year plan is now?

The Five-Year Plans were laid to rest by the Narendra Modi-led NDA government in 2015. Hence, the 12th five-year plan is considered the last five-year plan of India. The decades-old Five-Year Plans was replaced by a three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document.

Which Five Year Plan was most successful?

Military Five-Year Plans became coterminous with Planning Commission’s plans from this plan onwards. The Sixth Five-Year Plan was a great success to the Indian economy. The target growth rate was 5.2% and the actual growth rate was 5.7%.

Was the second five year plan successful?

Second plan, 1932–1937 As was the case with the other five-year plans, the second was not as successful, failing to reach the recommended production levels in such areas as the coal and oil industries.