Who is the father of Five-Year Plan in India?
Who is the father of Five-Year Plan in India?
The first five year plan was introduced by Joseph Stalin in the USSR in 1928. You can read about the National Institution for Transforming India (NITI Aayog) – A Brief Overview in the given link….Related Links.
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Who presented the First Five-Year Plan of the country?
Jawaharlal Nehru
First Plan (1951–1956) The first Indian prime minister, Jawaharlal Nehru, presented the First Five-Year Plan to the Parliament of India and needed urgent attention. The First Five-year Plan was launched in 1951 which mainly focused in the development of the primary sector.
What was the main purpose of Stalin’s 5 year plan?
Joseph Stalin, in 1928, launched the first Five-Year Plan; it was designed to industrialize the USSR in the shortest possible time and, in the process, to expedite the collectivization of farms.
Who is father of Indian planning?
Mokshagundam Vishweswaraiah
Father of Indian Economic Planning is Mokshagundam Vishweswaraiah better known as M. Vishweswaraiah.
Who is the architect of India’s second five-year plan?
Mahalanobis, who was known as India’s ‘Plan Man’, was the architect of the Second Five-Year Plan.
What is the importance of Five-Year Plan?
The 5 year plans started in 1951 helped India ahead with the process of development. They also helped alleviate poverty,flourish agriculture and industrial sectors, improve education and generate new energy sources. Thus the 5 year plans has a major role in the development of India and its economy.
Why was the 5 year plan created?
The first five year plan was created in order to initiate rapid and large-scale industrialization across the Union of Soviet Socialist Republics (USSR). Having begun on October 1st, 1928, the plan was already in its second year when Harry Byers first set foot in the Soviet Union.
Why was the Five-Year Plan a failure?
The plan did not hit its targets because the quotas were unrealistic for such a short period of time, some of these quotas were not met for years to come. There were no goals set for the plan, even if a quota was met, it was increased giving the plan no chance to succeed.
Who is the father of budget in India?
K. Shanmukham Chetty
K. Shanmukham Chetty presented the first ever budget of Independent India on 26th November 1947. Before independence, it was British economist James Wilson who presented the first budget for India in 1860.