Quick Answer: What Is The Meaning Of Five Year Plan?

What should be in a 5 year plan?

How To Create A Five Year PlanStep 1: Imagine everything you want five years from now and write it down.

Step 2: Ignore fear, doubt, and the “how”.

Step 3: Journal as if you’re the person who has the results you want.

Step 4: Start consuming media as if you’re the person you want to be five years from now.More items…•.

Who is called the father of Indian planning?

Sir M VisvesvarayaSir M Visvesvaraya, a Bharat Ratna recipient, was an engineer, statesman, and a scholar. He served as the Diwan of Mysore during the period of 1912-1918. In 1934, he published a book titled “Planned Economy in India”, in which he presented a constructive draft of the development of India in next ten years.

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.

Who is known as Mother of India?

About: Madame Cama is known as the ‘Mother of Indian Revolution’. She was married to Rustom Cama, a wealthy lawyer based in Bombay. Having worked as a social worker during the Bombay Plague epidemic in 1897, she became ill herself and was sent to Britain in 1901/2 for treatment.

What is the importance of five year plan?

The First Five-Year Plan was one of the most important, because it had a great role in the launching of Indian development after Independence. Thus, it strongly supported agriculture production and also launched the industrialization of the country (but less than the Second Plan, which focused on heavy industries).

How did the 5 year plan work?

The plan had intended to focus on consumer goods. The Soviet Union mainly contributed resources to the development of weapons, and constructed additional military factories as needed. … Stalin’s Five-Year Plans helped transform the Soviet Union from an untrained society of peasants to an advanced industrial economy.

What is the new name of Five Year Plan?

12 Five-Year Plans in India If the First Five-Year Plan focused on agriculture and energy, the Second Five-Year Plan focused on the development of the public sector and rapid industrialisation. Drafted by statistician P.C. Mahalanobis, the Second Plan was also called the Mahalanobis Plan.

What is called a rolling plan?

Rolling plan was introduced by Prof. Myrdal. Rolling plan can be defined as the plan where there is no fixation of dates in respect of commencement and end of the plan. The main advantage of rolling plan is that they are very flexible and are able to overcome the rigidity by mending targets and objectives.

What was the main focus of the first Five Year Plan?

Explanation: The main focus of the first five-year plan was the agricultural development of the country. Agriculture is still the backbone of the Indian economy in terms of employment generation.

Does five year plan still exist?

The decades-old Five-Year Plans will make way for a three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document. The Niti Aayog, which has replaced the Planning Commission, is launching a three-year action plan from April 1.

Who is father of Blue Revolution?

Hiralal ChaudhuriHiralal Chaudhuri and Dr. Arun Krishnsnan known as Father of Blue revolution.