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Five Year Plans In India — Syllabus

ICSE · Class 11 · Economics

What Five Year Plans In India covers in ICSE Class 11 Economics: 4 topics, for the 2026-27 session. Part of the ICSE Class 11 Economics syllabus.

44 questions40 flashcards5 concepts

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4 Topics · ICSE Class 11 Economics · 2026-27

Topics in Five Year Plans In India

1

1. Meaning and Nature of Economic Planning

  • Economic planning means the deliberate use of a country's resources for development according to national priorities.
  • Planning is a conscious and organised process with predetermined goals and a fixed time period.
  • Under planning, a central planning authority takes major economic decisions such as what to produce, how much to produce, how to produce, and for whom to produce.
2

2. Origin and Development of Plans in India

  • The first systematic attempt of economic planning in India was made in 1936 by M. Visvesvaraya through his book Planned Economy for India.
  • The National Planning Committee was set up by Indian National Congress in 1938 with Pt. Jawahar Lal Nehru as Chairman.
  • In 1943, eight leading industrialists of Bombay submitted the Bombay Plan.
3

3. Planning Objectives and Plan Objectives

  • Planning objectives are long-term objectives meant to be achieved over 20 years.
  • Planning objectives are also called Perspective Plan objectives.
  • Plan objectives are short-term objectives meant to be achieved over 5 years.
4

4. Common Goals of Planning in India

  • The central objective of Indian economic planning is to abolish poverty and achieve the highest possible standard of living.
  • Economic growth means increase in national income and per capita income.
  • Modernisation means using modern technology in production and also changing social outlook.

Key Concepts

Central concept: Economic planning in India and the Five Year Plans as a system for development, growth, and social change

Meaning of economic planningOrigin and development of planning in IndiaPlanning objectives and plan objectivesCommon goals of Indian planningFirst Five Year PlanSecond Five Year PlanThird Five Year PlanFourth Five Year Plan

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Frequently Asked Questions

What are the important topics in Five Year Plans In India for ICSE Class 11 Economics?
Key topics in Five Year Plans In India include Meaning and Nature of Economic Planning, Origin and Development of Plans in India, Planning Objectives and Plan Objectives, Common Goals of Planning in India. Study these first, then practise questions on each for Class 11 exams.
How should I revise Five Year Plans In India for Class 11 exams?
Learn the core ideas first, then work through the 44 practice questions on Five Year Plans In India. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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