GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which year, India adopted the ‘Planning Approach’?
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1947
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1951
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1955
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1957
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Explanation:
Detailed explanation-1: -The planning model in India was adopted from 1951 in the form of Five-Year Plans, which went on till 2017. India had 12 FYPs. They were designed based on predetermined objectives that were to be achieved over a period of five years. Q.
Detailed explanation-2: -The Planning Commission (1950) was established with the motive that the government would undertake comprehensive planning for the nation as a whole, where public sector would lay down the basic economic framework and would encourage private sector for their active contribution to the economic growth.
Detailed explanation-3: -The first five year plan for India was formed for 1951-1956. It was mainly concerned with the development of primary sector.
There is 1 question to complete.