Analyse the growth in the National Income of India over the different

Question

Analyse the growth in the National Income of India over the different plan periods.

18 Aug 2022

Answer :

Word Count : 413

The National Income of India has grown over the different plan periods, with varying rates of growth.

The First Five-Year Plan (1951-1956) focused on agriculture and irrigation, with a target growth rate of 2.1%. The actual growth rate was 2.6%.

The Second Five-Year Plan (1956-1961) focused on the development of heavy industries, with a target growth rate of 4%. The actual growth rate was 3.6%.

The Third Five-Year Plan (1961-1966) emphasized on the development of infrastructure and basic industries, with a target growth rate of 5.6%. The actual growth rate was 3.6%.

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