Five Year Plans In India — Concept Maps
ICSE · Class 11 · Economics
4 concept maps of Five Year Plans In India for ICSE Class 11 Economics, each also written out as a text outline.
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Five Year Plans in India — Complete Chapter Overview
The map in words
- Five Year Plans in India
- Economic Planning
- Definition
- Utilisation of resources
- As per national priorities
- Characteristics
- Definite time period
- Central authority
- Covers all sectors
- Predetermined objectives
- Mixed Economy
- Combines Socialism and Capitalism
- Adopted after independence
- Definition
- Origin and Development
- 1936 Visvesvaraya
- Planned Economy for India
- Father of Indian Planning
- 1938 Nehru Committee
- National Planning Committee
- 1943 Bombay Plan
- Eight industrialists
- March 1950
- Planning Commission formed
- April 1951
- First Plan launched
- 1936 Visvesvaraya
- Planning Objectives
- Long Term 20 years
- Growth
- Modernisation
- Self Reliance
- Equity
- Short Term 5 years
- Plan specific goals
- Vary from plan to plan
- Long Term 20 years
- Twelve Five Year Plans
- First 1951 to 56
- Harrod Domar Model
- Focus Agriculture
- Second 1956 to 61
- Mahalanobis Model
- Heavy Industries
- Fifth 1974 to 79
- Garibi Hatao
- Self Reliance
- Eighth 1992 to 97
- Rao Manmohan Plan
- Liberalisation
- Twelfth 2012 to 17
- Last Five Year Plan
- Inclusive Growth
- First 1951 to 56
- Disruptions
- Plan Holiday 1966 to 69
- War with Pakistan
- Foreign aid withdrawn
- Rolling Plan 1978 to 80
- Janata Government
- Annual target revision
- Annual Plans 1990 to 92
- Political instability
- Delayed 8th Plan
- Plan Holiday 1966 to 69
- Achievements
- National Income grew 6 percent
- Capital formation 10 to 33 percent
- Foodgrains 55 to 275 million tonnes
- Literacy 18 to 73 percent
- Life expectancy 44 to 68 years
- Failures
- Slow actual growth
- Rising unemployment
- Widening BOP deficit
- Income inequalities increased
- Regional imbalances
- NITI Aayog
- Established Jan 1 2015
- Replaced Planning Commission
- Think Tank role
- Cooperative Federalism
- Bottom up planning
- Economic Planning
Mind map showing six key characteristics of economic planning that guide how plans are formulated and implemented
The map in words
- Economic Planning Characteristics
- Welfare Oriented
- Benefits all sections
- Reduces inequality
- Time Bound
- Fixed duration
- Periodic review
- Centralized Control
- Central authority
- Unified decisions
- Comprehensive
- All sectors
- All regions
- Conscious Choice
- Deliberate priorities
- National goals
- Expert Driven
- Statisticians
- Scientists
- Technicians
- Welfare Oriented
Timeline showing key milestones in the development of economic planning in India from 1936 to 1951
The map in words
- 1936
- Visvesvaraya publishes Planned Economy
- 1938
- National Planning Committee formed
- 1943
- Bombay Plan submitted
- 1944
- Peoples Plan released
- 1950
- Planning Commission established
- 1951
- First Five Year Plan launched
Economic planning in India and the Five Year Plans as a system for development, growth, and social change
The map in words
- Economic planning in India and the Five Year Plans as a system for development, growth, and social change
- Meaning of economic planning
- Origin and development of planning in India
- Planning objectives and plan objectives
- Common goals of Indian planning
- First Five Year Plan
- Second Five Year Plan
- Third Five Year Plan
- Fourth Five Year Plan
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