India's 5-year plans, also known as the Five-Year Plans, are a series of national development plans designed to promote economic growth, reduce poverty, and improve the quality of life for the Indian population. Since independence in 1947, India has implemented several 5-year plans to achieve theseRead more
India’s 5-year plans, also known as the Five-Year Plans, are a series of national development plans designed to promote economic growth, reduce poverty, and improve the quality of life for the Indian population. Since independence in 1947, India has implemented several 5-year plans to achieve these goals. Here’s an overview of the employment generation aspect of each plan:
First Five-Year Plan (1951-1956)
- Focus: Infrastructure development, agriculture, and industrialization
- Employment generation: The plan aimed to create 3.5 million jobs in the organized sector
- Achievements: The plan saw a moderate growth rate of 4.1% in GDP, but employment growth was slower at 2.5%
Second Five-Year Plan (1956-1961)
- Focus: Heavy industry development, irrigation, and agriculture
- Employment generation: The plan aimed to create 5.5 million jobs in the organized sector
- Achievements: The plan saw a moderate growth rate of 4.8% in GDP, with employment growth increasing to 3.1%
Third Five-Year Plan (1961-1966)
- Focus: Rapid industrialization, agricultural development, and infrastructure expansion
- Employment generation: The plan aimed to create 7.5 million jobs in the organized sector
- Achievements: The plan saw a higher growth rate of 5.4% in GDP, with employment growth increasing to 4.2%
Fourth Five-Year Plan (1969-1974)
- Focus: Economic liberalization, diversification, and accelerated growth
- Employment generation: The plan aimed to create 10 million jobs in the organized sector
- Achievements: The plan saw a moderate growth rate of 4.3% in GDP, with employment growth slowing down to 2.9%
Fifth Five-Year Plan (1974-1979)
- Focus: Social and economic development, especially in the rural areas
- Employment generation: The plan aimed to create 12 million jobs in the organized sector
- Achievements: The plan saw a moderate growth rate of 4.8% in GDP, with employment growth increasing to 3.5%
YES , Forex trading legal in India , but it is heavily regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India(SEBI). Open a trading account and find a SEBI registered Forex broker or an authorized dealer like a Bank that offers Forex trading services. complete KRead more
YES , Forex trading legal in India , but it is heavily regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India(SEBI).