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    Which Five-Year Plan in India was based on the Harrod-Domar model?
    Question

    Which Five-Year Plan in India was based on the Harrod-Domar model?

    A.

    First Five-Year Plan

    B.

    Second Five-Year Plan

    C.

    Third Five-Year Plan

    D.

    Fourth Five-Year Plan

    Correct option is A

    The correct answer is (a) First Five-Year Plan
    The First Five Year Plan of India was based on the Harrod Domar Model.
    First Five-Year Plan of India:
     It was launched for the duration of 1951 to 1956, under the leadership of Jawaharlal Nehru.
     It was based on the Harrod-Domar model with a few modifications.
     Its main focus was on the agricultural development of the country.
     This plan was successful and achieved a growth rate of 3.6% (more than its target of 2.1%). 
     
     

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