Which of the following is/are the goals of the Five Year Plans?

Correct option is D

The correct answer is (D) Growth, Modernisation, Equity and Self-reliance. The Five Year Plans in India were designed to foster the country’s economic and social development with specific objectives. These primary goals include:
1. Growth: Aimed at increasing the national income and improving the economic condition of the nation.
2. Modernisation: Focused on adopting new technologies and upgrading infrastructure to keep pace with global standards.
3. Equity: Emphasized reducing income inequalities and providing equal opportunities to every section of society.
4. Self-reliance: Encouraged reducing dependence on foreign resources and boosting domestic production to achieve economic independence.
These goals collectively aimed to create a balanced and sustainable development framework to uplift the nation economically and socially.
Information Booster:

● The First Five Year Plan began in 1951, primarily focusing on agriculture.

● Later plans incorporated industrialization and modernization as key goals.

● Equity was a focus to address poverty and socio-economic disparities.

● Self-reliance became crucial post-independence to reduce foreign dependency.

● Each Five Year Plan had specific themes aligned with the nation’s needs.

● The concept of Five Year Plans was inspired by Soviet planning.