India initiated its First Five Year Plan in 1951, influenced by the socialist ideals of _________________.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Jawaharlal Nehru.
- India initiated its First Five-Year Plan in 1951, influenced by the socialist ideals of Jawaharlal Nehru.
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The primary goal was to develop the agricultural sector, which was the backbone of the Indian economy at the time.
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The plan highlighted the role of the state in driving economic development, aiming to create a mixed economy where both public and private sectors contributed.
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Key focus areas included land reforms, irrigation projects, and infrastructure development to increase agricultural productivity.
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Target growth rate was 2.1%, while the actual growth achieved was 3.6%.