The concept of five year plan was borrowed from

Asked by admin @ in Economy viewed by 329 People

Five  year  plan  in  India was  borrowed  from

a)  Soviet  Russia b)  United  States  ofAmerica
c)  United  Kingdom d)  United Arab  Emirates
TNSCERT Class 10 Economics Ch 2 Indian Economy After Independence

Answered by admin @


Five  year  plan  in  India was  borrowed  from Soviet Russia (USSR).

Five year plan is a government plan for the economic development of the country over a period of five years.

The five year plan was first implemented in Russia by General secretary Joseph Stalin in 1928. Many countries have adopted the FYP including India. It was first launched in India by former Prime minister of India Jawahar lal Nehru in 1951.

India has launched 12 five year plans so far. The last one ended in 2017. The present NDA goverment has replaced the Planning commission with NITI Aayog(National Institution for Transforming India)





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