Essay Topics on FIVE YEAR PLAN

English_Master November 5, 2015 No Comments
FIVE YEAR PLAN The economy of India is based in part on planning through its five year plans, developed, executed and monitored by the planning commission. With the prime minister as the ex-officio chairman, the commission has a nominated Deputy Chairman, who has a rank of a cabinet minister. Montek Singh Ahluwalia is currently the deputy chairman of the commission. Planning process is a continuous and long term process. It is known as perspective planning. Long term plans are mostly for 5 year, 7 year and 10 year term. In India, it is 5 year plan whereas in Russia and China there are 7 year and 10 year plans. A long term plans achieve better economic results. On the contrary, a short period plan has very little success. A short time plan has the greatest advantage of requiring a little investment. Our first five year plan started in 1951. It was a traditional economy and agriculture oriented plan. The size of investment was so small. The plan did not make large scale changes in the economic structure of the country. As composed to first plan, the second five year plan laid more emphasis on industrial development in the second five year plan. Originally the draft of the first plan...
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