The First Five Year Plan (1951-1956) was drafted by K.N. Raj.

The First Five Year Plan of India was a comprehensive economic development plan formulated by the Government of India in the early years after its independence. It aimed to accelerate the growth of the Indian economy and raise the standard of living of its people. The plan was drafted and implemented under the guidance of renowned economist K.N. Raj.

1. Background:
- The First Five Year Plan was initiated in 1951, just four years after India gained independence from British colonial rule.
- The country faced numerous challenges, including widespread poverty, limited infrastructure, and a predominantly agrarian economy.
- To address these issues, the government recognized the need for a long-term plan to promote industrialization, improve agriculture, and ensure balanced economic growth.

2. Role of K.N. Raj:
- K.N. Raj, a prominent economist and policymaker, played a key role in the formulation of the First Five Year Plan.
- He was appointed as the Chief Economic Adviser to the Government of India and later became a member of the Planning Commission.
- Raj's expertise and understanding of economic theories and development strategies were instrumental in shaping the plan's objectives and policies.

3. Objectives of the First Five Year Plan:
- The plan aimed to achieve rapid industrialization by promoting the manufacturing sector and establishing key industries.
- It sought to modernize agriculture and increase agricultural productivity through land reforms, irrigation, and rural development programs.
- The plan also emphasized the expansion of infrastructure, including power generation, transport networks, and communication systems.
- In addition, it aimed to improve social welfare by focusing on education, healthcare, and housing.

4. Implementation and Achievements:
- The First Five Year Plan faced various challenges, including financial constraints and limited availability of resources.
- Despite these challenges, significant progress was made in several sectors during the plan period.
- Industrial production witnessed considerable growth, with the establishment of large public sector enterprises and the expansion of small-scale industries.
- Agricultural productivity improved through the introduction of modern farming techniques, better irrigation facilities, and increased use of fertilizers.
- Investments were made in infrastructure development, leading to the construction of dams, roads, and power plants.
- The plan also prioritized social welfare initiatives, resulting in the expansion of educational institutions and healthcare facilities.

Conclusion:
The First Five Year Plan (1951-1956) was an ambitious initiative aimed at transforming the Indian economy and improving the living standards of its people. K.N. Raj, with his expertise and vision, played a crucial role in drafting the plan and guiding its implementation. Despite challenges, the plan laid the foundation for subsequent development plans and set India on a path towards economic growth and self-reliance.