FIRST FIVE YEAR PLAN

Objectives

  • Correcting the disequilibrium in the economy caused by war and partitioning
  • Rising National Income and steady improvement in living standard
  • Development of Agriculture was also the aim of the Plan
Achievement : Growth rate of 3.6 % (Target : 2.1 %)

Other features

  • 1952 Community Development Program start
  • University Grant Commission was setup 
  • Number of Projects like Bakranangal, Damodar Valley, Hirakud etc undertaken
  • Successful plan as good harvest in the last two years of the plan

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