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Achievements & Failures of Economic Planning - India’s five year plans, Indian Economy Video Lecture | Indian Economy - B Com
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FAQs on Achievements & Failures of Economic Planning - India’s five year plans, Indian Economy Video Lecture - Indian Economy - B Com
| 1. What are the achievements of India's five-year plans? |  |
Ans. The achievements of India's five-year plans include significant growth in industrial production, increased agricultural productivity, improved infrastructure development, poverty reduction, and expansion of social welfare programs.
| 2. What are the failures of India's economic planning? | |
Ans. Some of the failures of India's economic planning include inadequate implementation of planned projects, inconsistent policy implementation, excessive bureaucracy, corruption, and failure to achieve targeted growth rates and development goals.
| 3. How many five-year plans has India implemented? | |
Ans. India has implemented a total of twelve five-year plans since its independence in 1947. The first five-year plan was launched in 1951 and the last one was concluded in 2017.
| 4. What is the purpose of India's five-year plans? | |
Ans. The purpose of India's five-year plans is to promote balanced economic development, reduce poverty, and achieve self-sufficiency in key sectors. These plans aim to allocate resources efficiently, address regional disparities, and accelerate overall economic growth.
| 5. How do India's five-year plans contribute to the Indian economy? | |
Ans. India's five-year plans contribute to the Indian economy by providing a roadmap for development, prioritizing key sectors, attracting investments, creating employment opportunities, and improving the standard of living. These plans also guide the allocation of resources and assist in the implementation of policies for inclusive growth.
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