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Comment on the significant achievements of economic planning in India. |
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Answer» Achievement # 1. Increase in National Income and Per Capita Income: During planning period national income has increased manifold. The average annual increase in national income was registered to be 1.2 per cent from 1901 to 1947. This increase was recorded to be 3 per cent from 1950 to 2000-01. Moreover, average annual growth rate of national income was 4 per cent in 1970-80 which, further increased to 5 per cent in 1990-2000 Development in Agriculture: Agricultural productivity has also marked an upward trend during the plan period. The production of food-grains which was 510 lakh tones in 1950-51 increased to 176.4 million tones in 1990-91 and further to 211.9 million tones in 2001-02. Similarly, the production of cotton was 21 lakh bales in 1950-51 and it was expected to be 908 million bales in 1990-91 and further 10.0 million tones in 2001- 02. In the same, the production of sugarcane was expected to be 241.0 million tones in 1990-91 against the 69 lakh tones in 1950-51. It rose to 298.4 million tones in 2001-02. Achievement #3. Development of Industry: In the first five year plan much of the capital was invested to develop the industry and defence. About fifty per cent of the total outlay of the plans was invested for their development. As a result, industrial production has increased to a great extent. For instance, the production of cotton cloth which was 4215 million sq. metres in 1950-51 |
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