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Humanities/Arts Exam  >  Humanities/Arts Questions  >  The idea of Five Year Plan was adopted in Ind... Start Learning for Free
The idea of Five Year Plan was adopted in India from
  • a)
    United States of America.
  • b)
    Japan.
  • c)
    United Soviet Socialist Republics.
  • d)
    Australia.
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
The idea of Five Year Plan was adopted in India froma)United States of...
After the Russian Revolution of 1917, Stalin introduced the Five Year Plan in the USSR. In the USSR the First Five Year Plan was implemented from 1929 to 1933. The same method was adopted and implemented in India from 1951 onwards.
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The idea of Five Year Plan was adopted in India froma)United States of...
Origin of Five Year Plan in India
India adopted the concept of Five Year Plans from the United Soviet Socialist Republics (USSR) during the early years after independence. The first Five Year Plan in India was launched in 1951, with the aim of achieving rapid industrialization and economic growth.

Reasons for adopting the Five Year Plan
- The Soviet model of economic planning was seen as effective in promoting industrialization and economic development.
- India's leaders believed that central planning through Five Year Plans would help in addressing the country's socio-economic challenges and disparities.

Key features of the Five Year Plans in India
- The Plans set specific targets for various sectors such as agriculture, industry, and infrastructure development.
- They aimed at achieving self-sufficiency in food production, reducing poverty, and promoting industrial growth.
- Each Plan had a specific focus and set of objectives to be achieved within the stipulated time frame.

Impact of the Five Year Plans in India
- The Five Year Plans played a crucial role in shaping India's economic development and growth trajectory.
- They laid the foundation for the country's industrialization and infrastructure development.
- However, over time, the relevance and effectiveness of Five Year Plans came under scrutiny, leading to their eventual discontinuation in 2017.
In conclusion, the adoption of the Five Year Plan in India from the United Soviet Socialist Republics was a significant step towards planned economic development and industrial growth in the country.
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The idea of Five Year Plan was adopted in India froma)United States of America.b)Japan.c)United Soviet Socialist Republics.d)Australia.Correct answer is option 'C'. Can you explain this answer?
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