The main focus of the First Five-Year Plan was on the _______.

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  1. service sector
  2. agricultural and industrial sector
  3. agricultural sector
  4. industrial sector

Answer (Detailed Solution Below)

Option 3 : agricultural sector
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Detailed Solution

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The correct answer is agricultural sector.

Key Points

  • The First Five Year Plan in India was active between 1951 and 1956.
  • The plan was based on the Harrod-Domar model.
  • This plan gave priority to the agricultural sector of the country.
  • The First Five Year Plan was presented before the parliament by Jawaharlal Nehru.
  • Gulzarilal Nanda was the first Deputy Chairman of the Planning Commission of India.
  • Economist K N Raj is known as the architect of this plan.
  • It was quasi-successful for the government.
  • The target growth rate of the First Five Year Plan was 2.1% annual gross domestic product (GDP) growth.

Additional Information

  • The second Five Year Plan gave priority to the Industrial development of the country.
  • The fifth Five Year Plan gave priority to agriculture, industry, and mines.
  • The eighth Five Year Plan gave priority to the development of human resources(Human Model).
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