Which five year plan was successful …
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Meghna Thapar 5 years, 1 month ago
The Sixth Five-Year Plan was a great success to the Indian economy. The target growth rate was 5.2% and the actual growth rate was 5.7%. It focused primarily on the development of the primary sector, specifically agriculture and irrigation. Drafted by economist K.N. Raj, the plan was based on the Harrod–Domar model, which suggested that growth was dependent on two things. Stalin's First Five-Year Plan, adopted by the party in 1928, called for rapid industrialization of the economy, with an emphasis on heavy industry. It set goals that were unrealistic—a 250 percent increase in overall industrial development and a 330 percent expansion in heavy industry alone.
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