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India’s first five-year plan | Dates, Definition & Facts

    The first five-year plan launched in India on 1 April 1951. It presented before the Parliament on 9 July 1951 under the leadership of India’s first Prime Minister Jawaharlal Nehru.

    1. It was drafted by economist K.N. Raj. 
    2. The first 5-year plan was based on the Harrod-Domar model.  
    3. Agricultural development was its main focus.
    4. Five IITs were set up in India after the end of this plan. 
    5. This helped us to get a growth rate of 3.6% per year which was more than the target.

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