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What was the aim of the five-year plan?
What was the aim of the five-year plan?
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Post Indian independence in the year 1947, India had to reconstruct its economy from scratch. The leaders in those days had to select the type of the economy that India would be and also outline the economic planning.
The primary achievements witnessed through the five-year plans are as follows:
A great increase in the national income and per capita income
Significant development in agriculture
Industrial development
Price and power parity
Increased capital formation