Option 3 : Third Five Year Plan
| Five Year Plans |
Period |
Details |
|
First Five Year Plan
(Target Growth
: 2.1 %
Actual Growth
3.6 %)
|
1951-56 |
- It achieved the targeted growth rate of 3.6% and the main focus was on agriculture.
- It was based on the Harrod-Domar model.
- The Plan Focused on agriculture, price stability, power and
transport.
|
|
Second Five Year Plan
(Target Growth:
4.5% Actual
Growth: 4.3%)
|
1956-61 |
- The Plan Focused on rapid industrialization- heavy & basic
industries . Advocated huge imports through foreign loans.
- It was based on the P.C. Mahalanobis Model.
|
|
Third Five Year Plan
(Target
Growth: 5.6%
Actual Growth:
2.8% )
|
1961-66 |
- It was not successful and could not achieve the desired growth rate of 5.6%.
- This plan is also called ‘Gadgil Yojna’.
|
|
Fifth Five Year Plan
(Target Growth:
4.4% Actual
Growth: 4.8%)
|
1974-79 |
- The final Draft of fifth plan was prepared and launched by D.P. Dhar
- The main objectives were poverty elimination and attainment of self-reliance.
|