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What are the four main aims …

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What are the four main aims of five year plans ? elaborate them
  • 1 answers

Yogita Ingle 4 years, 11 months ago

The goals of Five Year plans are growth, modernisation, self-reliance and equity.

Growth: It refers to an increase in the countries’ capacity to produce the output of goods and services within the economy. The right indication for growth of an economy is steady increase in the Gross Domestic Product (GDP). It is derived from the various sectors of the economy such as the agricultural, industrial and the service sector.

Self-reliance : An economy has to reduce the dependency on foreign countries for import of food items, technology, capital goods. As we depend more om imported goods, it may lead our economy to a vulnerable condition.

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