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The economy of India is based in part on training through its five-year plans, developed, executed and monitored by the Planning Commission. With the Prime take care as the ex officio hot seat, the commission has a nominated proxy Chairman, who has rank of a Cabinet minister. Montek Singh Ahluwalia is currently the Deputy Chairman of the Commission. The tenth plan completed its term in demonstrate 2007 and the eleventh plan is currently underway.[1] First plan (1951-1956) The low Indian Prime Minister, Jawaharlal Nehru presented the frontmost five-year plan to the Parliament of India on 8 December 1951. The first plan sought to push the countrys economy out of the cycle of poverty. The plan addressed, mainly, the rural sector, including investments in dams and irrigation. The agricultural sector was hit hardest by the splitter of India and needed urgent attention.[2] The total planned budget of 206.8 meg INR (23.6 billion USD in the 1950 exchange rate) was allocated to seven broad areas: irrigation and life force (27.2 percent), agriculture and community development (17.4 percent), transport and communications (24 percent), effort (8.4 percent), social run (16.64 percent), land rehabilitation (4.1 percent), and for other sectors and services (2.5 percent).[3] The target growth rate was 2.

1 percent annual egregious domestic product (GDP) growth; the achieved growth rate was 3.6 percent. During the first five-year plan the net domestic product went up by 15 percent. The monsoon was good and there were relatively high snip yields, boosting exchange reserves and the per capita income, which increased by 8 percent. field of study income increased more than the per capita income due to rapid population growth. many a(prenominal) irrigation projects were initiated during this period, including the Bhakra Dam and Hirakud Dam. The World Health Organization, with the Indian government, addressed childrens wellness and reduced infant mortality, indirectly contributing to population growth. At... If you neediness to get a full essay, order it on our website: Orderessay

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