Q174
Indian EconomyPlanning, Economic Reforms & Policy
The first five year plan in India was introduced in the year-
- a.1947
- b.1950
- c.1951
- d.1955
Answer: (C) 1951
India's First Five Year Plan was launched in 1951 and covered the period from April 1951 to March 1956. It was based on the Harrod-Domar economic model and focused primarily on agricultural development and infrastructure. It achieved a growth rate of 3.6%, exceeding its target of 2.1%.