Q. 6 To what extent have …

The five year plans launched in india succeeded in accelerating the pace of economic growth.

Explanation :

The Indian economy carried out five phases of planning that were developed, execute, and monitored by the planning commission and NITI ayog.  

• These plans are centralised and integrated national economic plans and played a great role in the development of the Indian economy.

• They supported agriculture production, launched industrialisation, with the focus on heavy industries. Played a great role in welfare management.  

• Such as allocation of irrigation and energy, agriculture and community development, transport and communication, and various social sectors.  

• The first five year plan had a target of 2.1% with 3.6% of net domestic product. It helped in boosting exchange services and per capita incomes.  

• The second plan focused on the public sector. The third plan stressed on the production of wheat, and focus on defence industry. The fifth plan focused on poverty alleviation and justice.  

• Thus all plans launched by the government helped India accelerate in pace to economic growth and development.