Correct option is D
- The USSR (Union of Soviet Socialist Republics) was the first country to implement Five-Year Plans as a method of centralized economic planning.
- The first Five-Year Plan of the USSR was introduced in 1928 under the leadership of Joseph Stalin to accelerate industrialization and enhance agricultural production.
- These plans were a hallmark of Soviet economic policy and served as a model for other nations, including India, to implement planned development.
Additional Information
- India's Five-Year Plans:
1. India adopted the concept of Five-Year Plans in 1951, inspired by the Soviet model, to systematically address developmental priorities like industrialization, agriculture, and infrastructure.
2. The Planning Commission was established to formulate and oversee the implementation of these plans.
- Five-Year Plans in the USSR:
- Focused on rapid industrialization, collectivization of agriculture, and state-controlled economic policies.
- The plans aimed to transform the USSR into a global superpower, although they often involved significant human and economic costs.
Other Options
- Great Britain: While Great Britain had colonial policies and economic strategies, it did not implement structured Five-Year Plans.
- Germany: Germany had economic planning under leaders like Adolf Hitler, but it was not in the form of Five-Year Plans.
- The US: The United States has primarily relied on market-driven policies and does not have a tradition of centralized Five-Year Plans.
