Question 12 Marks
Give information on economic development made through five year plans.
Answer
View full question & answer→The Government of India formed the Planning Commission in $1950\ AD$ to meet the goals and the ideals of the Constitution. Today this planning commission is known as the 'NITI Aayog'. India's economic planning has long-term and short-term objectives.
$(1)$ India's economic planning started with a view to rapid economic growth and development, reduction of economic inequality. full employment, self-reliance, price stability. educational development, etc. and $5-$year plans were made to achieve these goals.
$(2)$ The first $5-$year plan was undertaken from $1951-56\ AD.$ Efforts for planned economic development were made during the period.
$(3)$ Heavy industries were established for industrial development. We have become almost self-sufficient in industrial production.
$(4)$ Because of the Green Revolution in agriculture, our country which imported grain, has become a grain exporter today.
$(5)$ Developmental steps have been taken to increase production through the 'White Revolution' for milk, the 'Yellow Revolution' for oilseeds, etc.
$(6)$ Poverty alleviation programs have been implement after independence to reduce poverty and economic inequality.
$(6)$ Poverty alleviation programs have been implement after independence to reduce poverty and economic inequality.
$(7)$ As a result of $5-$year plans, the national income and the per capita income have increased considerably today.
$(8)$ The Government has made continuous efforts to reduce poverty and economic inequality, to increase employment opportunities, to promote education and to ensure that basic essential commodities are available to the poor.
$(9)$ People's health has improved. We have been able to eradicate small pox from India. Average life expectancy has increased, child mortality rate has decreased.
$(10)$ With the increase in education, the literacy rate has also improved.