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The Idea of five year plan was adopted in India from ?
Question

The Idea of five year plan was adopted in India from ?

A.

The United States of America 

B.

Japan

C.

United Soviet socialist republics

D.

Australia

Correct option is C

India adopted the concept of Five-Year Plans (FYPs) from the Soviet Union (USSR). The Soviet model of centralized economic planning was first introduced by Joseph Stalin in 1928, and it played a crucial role in rapid industrialization and economic development. Inspired by this approach, India's first Prime Minister, Jawaharlal Nehru, implemented the First Five-Year Plan in 1951 under the leadership of the Planning Commission.

Information Booster:-

  • Introduced in 1951, based on socialist economic principles.
  • Focused on agriculture, industrialization, and economic self-sufficiency.
  • Implemented through centralized planning under the Planning Commission (1950-2014).
  • Replaced by the NITI Aayog in 2015.

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