Question: Which 5 Years Plan Is Going On?

What are the objectives of 5 years plan?

Objectives of Five Year Plan of India Economic Growth.

Economic Equity and Social Justice.

Full Employment.

Economic Self-Reliance..

What was the aim of five year plan?

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.

Were Stalin’s 5 year plans successful?

The Soviet Union’s achievements were tremendous during the first five-year plan, which yielded a fifty-percent increase in industrial output. To achieve this massive economic growth, the Soviet Union had to reroute essential resources to meet the needs of heavy industry.

Who finally approves the five year plan?

The NDC, headed by the Prime Minister with all Chief Ministers and Cabinet Ministers on board, is the final authority to approve the five-year long policy document.

What were Stalin’s 5 year plans?

Stalin’s First Five-Year Plan, adopted by the party in 1928, called for rapid industrialization of the economy, with an emphasis on heavy industry. It set goals that were unrealistic—a 250 percent increase in overall industrial development and a 330 percent expansion in heavy industry alone.

How many 5 year plans did Stalin?

three FiveStalin’s chief aim was to expand industrial production. For this, he developed three Five-year Plans between 1928 and 1938. Gosplan, the state planning agency, drew up targets for production for each factory.

What was Stalin’s second five year plan?

Under the Second Five-Year Plan (1933-37), the state devoted attention to consumer goods, and the factories built during the first plan helped increase industrial output in general. The Second Five-Year Plan (1933-37) continued the primary emphasis on heavy industry.

Who is the father of five years plan?

The first five year plan was presented in the parliament by Prime Minister Jawaharlal Nehru in December 1951. This plan promoted the idea of self reliant closed economy and was developed by Prof. P. C. Mahalanobis. The plan had heavily borrowed ideas from USSR’s five year plans developed by Domer.

What five year plan is going on now?

Twelfth Plan (2012–2017) The Twelfth Five-Year Plan of the Government of India has been decided to achieve a growth rate of 8.2% but the National Development Council (NDC) on 27 December 2012 approved a growth rate of 8% for the Twelfth Plan.

What is the 13th five year plan?

The 13th five-year defence plan (2017-22) envisages an allocation of Rs 26,83,924 crore for the armed forces. 1 This includes Rs 13,95,271 crore under the revenue segment and the remainder for defraying the capital expenditure.

How many five year plans are there?

12 FiveAnnual plans were launched for the years 1990-91 and 1991-92, and the Eighth Five-Year Plan was kicked off in 1992. India had a total of 12 Five-Year Plans, the last one being from 2012-2017. In 2015, Prime Minister Narendra Modi dissolved the Planning Commission and replaced it with the Niti Aayog.

Who is called the father of Indian planning?

Mokshagundam VishweswaraiahFather of Indian Economic Planning is Mokshagundam Vishweswaraiah better known as M. Vishweswaraiah.