8/26/22, 11:34 AM
Five year plans in India Goals and Achievements – CBSE Class 12
Five year plans in India Goals and Achievements – CBSE Class 12 takshilalearning.com/five-year-plans-in-india-goals-and-achievements-cbse-class-12/ July 7, 2021
Achievement of a five-year plan
Five Year Plan in India Five year plans in India Goals and Achievements: The Five-Year Plans were national economic programmes that were centralized and integrated. Joseph Stalin implemented the first such plan in the Soviet Union in 1928. China, Bhutan, Vietnam, South Korea, Argentina, Romania, and Ethiopia have all established Five-Year Plans since then. The Commission was tasked with improving the country’s standard of living by properly allocating resources, increasing output, and ensuring that everyone has access to work opportunities. The plan was based on the Harrod–Domar model, which claimed that growth was dependent on two factors. It was drafted by economist K.N. Raj. Firstly, a high level of savings, which allowed for more investment, and secondly, a low capital-output ratio, which allowed for more efficient investment and a higher growth rate.
School Online Class
Five Year Plans in India: Preparing for our future through planning may be a crucial landmark whether at a private level or national level. The social life of an individual always depends on various planning schemes. Social and economic planning gives how to https://www.printfriendly.com/p/g/EBjfVx
1/4