Launch Of First Five Year Plan
Jawaharlal Nehru,the first prime minister of India, presented the First Five-Year Plan to the Parliament of India and needed urgent attention.
The first five-year plan was launched in 1951 and focused primarily on the development of the primary sector.
Motive of First Five Year Plan
The primary motive of first five year plan was ‘Development of agriculture’.
Motive of First Five Year Plan
The primary motive of first five year plan was ‘Development of agriculture’.
It aimed to solve different problems that originated due to the partition of the nation and aftermath of second world war.
The vision of this plan was to rebuilding the country after independence through development in agricultural sector and making India self sufficient for its people.
Other targets of the plan were to lay down the foundation for industry and to provide affordable healthcare, education in low price to the Indian Folks.
Budget of The Plan
The total planned budget of the plan was ₹2,069 crore.
Budget of The Plan
The total planned budget of the plan was ₹2,069 crore.
It was allocated to seven broad areas
The most significant feature of this phase was active participation of state in all economic sectors
This role was Justified at that time because immediately after independence, India was facing basic problems of deficiency of capital and low capacity to save.
- Irrigation and Energy (27.2%)
- Agriculture and Community Development (17.4%)
- Transport and Communications (24%)
- Industry (8.6%)
- Social Services (16.6%)
- Rehabilitation of Landless farmers (4.1%)
- Other Sectors and Services (2.5%)
The most significant feature of this phase was active participation of state in all economic sectors
This role was Justified at that time because immediately after independence, India was facing basic problems of deficiency of capital and low capacity to save.
Targets of Five Year Plan
The target growth of Five Year Plan rate of 2.1% annual gross domestic product (GDP) growth.
The achieved growth rate was 3.6% and the net domestic product went up by 15%
The monsoon at that time was good and there were relatively high crop yields, boosting exchange reserves and the per capita income, which increased by 8%.
Due to the rapid population growth, national income rose faster than per capita income.
The target growth of Five Year Plan rate of 2.1% annual gross domestic product (GDP) growth.
The achieved growth rate was 3.6% and the net domestic product went up by 15%
The monsoon at that time was good and there were relatively high crop yields, boosting exchange reserves and the per capita income, which increased by 8%.
Due to the rapid population growth, national income rose faster than per capita income.
During this time, many irrigation projects have been launched, including Berkler Dam, Hirakdo Dam and Damodar Valley Dam.
The World Health Organization (WHO) is working with the Government of India to protect children’s health, reduce child mortality, and thereby indirectly contribute to population growth.
Achievements of First Five Year Plan
At the end of the plan period in 1956, five Indian Institutes of Technology (IITs) were started as major technical institutions.
The University Grants Commission (UGC) was established to raise funds and take action to strengthen national higher education.
The World Health Organization (WHO) is working with the Government of India to protect children’s health, reduce child mortality, and thereby indirectly contribute to population growth.
Achievements of First Five Year Plan
At the end of the plan period in 1956, five Indian Institutes of Technology (IITs) were started as major technical institutions.
The University Grants Commission (UGC) was established to raise funds and take action to strengthen national higher education.
Five steel mill launch contracts have been signed and launched in the middle of the second five-year plan.
The plan was virtually successful for the government.
Drawbacks of First Five Year Plan
1. Unrealistic Planning-The foremost drawback of First Five Year plan was that it was based on such assumptions which were invariably inaccurate.. The assumptions were not appropriate and not over looked.
2. Lack of Pragmatic Approach-Another shortcoming is that planning lacks the practical outlook.It was not based on practical or real life assumptions.
3. Faulty Implementation -Faulty implementation of the plan was one of the major obstruction in the path of its success.The plan lacked efficiency. It’s motive lagged behind due to corruption in every field of implementation.
4. Over-Ambitious Plans -One of the reasons of drawback of First Five Year Plan was that it was unduly over ambition. It aimed for such higher growth which was not achievable in short time.
5. Natural Constraints-For the slow growth of plan , natural factors were equally responsible.Calamities and famines and also market conditions reduced the expected growth.
6. Rapid Growth of Population -Population growth at such high pace hindered the agricultural growth, the main objective of the plan.
7. In-coordination - In-coordination between central and state government was one of the main reason.
The First Five Year plan helped in achieving growth in various sectors most importable the agricultural sector however It’s actual growth lagged behind the targeted growth owing to the shortcomings in planning and inefficiency in the process.
Drawbacks of First Five Year Plan
1. Unrealistic Planning-The foremost drawback of First Five Year plan was that it was based on such assumptions which were invariably inaccurate.. The assumptions were not appropriate and not over looked.
2. Lack of Pragmatic Approach-Another shortcoming is that planning lacks the practical outlook.It was not based on practical or real life assumptions.
3. Faulty Implementation -Faulty implementation of the plan was one of the major obstruction in the path of its success.The plan lacked efficiency. It’s motive lagged behind due to corruption in every field of implementation.
4. Over-Ambitious Plans -One of the reasons of drawback of First Five Year Plan was that it was unduly over ambition. It aimed for such higher growth which was not achievable in short time.
5. Natural Constraints-For the slow growth of plan , natural factors were equally responsible.Calamities and famines and also market conditions reduced the expected growth.
6. Rapid Growth of Population -Population growth at such high pace hindered the agricultural growth, the main objective of the plan.
7. In-coordination - In-coordination between central and state government was one of the main reason.
The First Five Year plan helped in achieving growth in various sectors most importable the agricultural sector however It’s actual growth lagged behind the targeted growth owing to the shortcomings in planning and inefficiency in the process.
Written By: Hamna Khan
Edited By: Komal Jha
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