After independence, India launched its First five year plan in ______.

The correct answer is Option 4. 

Key Points

• India launched its First Five-Year Plan in 1951.
• The plan was formulated by the Planning Commission, which was set up by the Government of India in 1950 to formulate and implement economic policies and development plans.
• The First Five-Year Plan aimed to achieve rapid industrialization and economic growth in India.
• The plan focused on agriculture, irrigation, power, transport, and communication sectors, which were considered crucial for the overall development of the country.

Additional Information

• The objectives of the First Five-Year Plan were:
  • Increase agricultural production and achieve food self-sufficiency
  • Develop basic infrastructure like roads, railways, and ports
  • Expand and modernize industries, particularly in the manufacturing sector
  • Reduce unemployment and poverty
  • Improve living standards and social welfare
  • Enhance education and healthcare facilities
  • The plan emphasized the importance of public investment and the role of the government in driving economic development
  • It aimed to allocate resources efficiently, promote balanced regional development, and reduce income disparities