Sunday, June 10, 2018

Five Year Plans - PSC Coaching

Five Year Plans - PSC Coaching

 First Five Year Plan (1951 to 1956)
  • It was based on the Harrod-Domar model.
  • Its main focus was on the agricultural development of the country.
  • This plan was successful and achieved growth rate of 3.6% (more than its target)

Second Five Year Plan (1956 to 1961)
  • It was based on the P.C. Mahalanobis Model.
  • Its main focus was on the industrial development of the country.
  •  This plan was successful and achieved growth rate of 4.1%


 Third Five Year Plan (1961 to 1966)
  • This plan is called ‘Gadgil Yojna’ also.
  • The main target of this plan was to make the economy independent and to reach self active position of take off.
  • Due to china war, this plan could not achieve its growth target of 5.6%

Plan Holiday:1966 to 1969.
  • The main reason behind the plan holiday was the Indo-Pakistan war & failure of third plan.
  • During this plan annual plans were made and equal priority was given to agriculture its allied sectors and the industry sector.

To Know more on the Five Year Plans of India


Here is a 25 minutes video to study 'Five Year Plans of India'. It is useful for the candidates who are preparing for the exam conducted by Kerala PSC. It includes all the previous questions related to this topic.




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