India's First Five-Year Plan-A Descriptive Analysis
Bibliographic Data
| ID | 2882122 |
|---|---|
| Authors | K R V Rao, V K R V Rao (corresponding author) |
| Year | 1952 |
| Volume | 25 |
| Issue | 1 |
| Pages | 3 |
| Publication date | 1952-03-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Pacific Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0030-851X • E-ISSN: 1715-3379 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2752833 |
| OpenAlex | W2318618317 |
| Language | EN |
| Citations received | 3 |
JNDIA'S first Five-Year Plan is perhaps not a plan in the normally accepted sense of the term. It does not offer a description and assessment of national resources, either natural or human, nor does it contain a survey of the extent to which these resources have been utilised so far or of the full range of the task that is still to be done. In contrast to the much-publicised Bombay Plan, there is no talk of doubling the per-capita income in fifteen years. The official Five-Year Plan does not lay down targets for achievement in terms of national income or specified over-all increases in national standards of living. Nor does it contemplate the planned production, distribution and exchange of the entire economic output of the country. Thus, the analogy with the Soviet first Five-Year Plan is more in name than in actual content or ideology. There is neither a revolutionary background nor a totalitarian regime behind the Indian Plan. In truth, it is altogether a more modest venture. It deals with the beginning of a planned economic development of India rather than with all of its stages. It is concerned primarily with rationalising and increasing capital expenditure in the public sector rather than with controlling and directing all private investment. It is concerned more with effectuating the postwar and post-Partition readjustments required by the economy of the country than with solving at one stroke all of its economic problems. The Plan undoubtedly contemplates a closer integration of the private sector with the public sector and the guidance of the former by the latter, and, therefore, sets out details of the machinery that is required for this purpose in the fields of agriculture, industry and trade. Yet the economy visualised is not a socialist economy but what is called a mixed economy. The targets listed in the Plan are modest; and the finances needed do not run into astronomical magnitudes. Moderation and realism rather than grandeur and display are its keynotes. How did India come to put forward such a modest Plan
Analogy · Distribution (mathematics) · Economic growth · Economic planning · Economics · Economy · Geography · Ideology · Market economy · Measures of national income and output · Plan (archaeology) · Political science · Politics · Global Financial Crisis and Policies · Indian Economic and Social Development · Law · Social and Economic Development in India
| Citations per year | 0.23 |
|---|---|
| Citation span | 2013 - 2026 (14) |
| Highly cited | No |