When did the first 5 year plan start?

The correct answer is 1 April 1951.

Key Points

•  The first 5-year plan started on April 1, 1951.
•  This plan was launched by the government of India under the leadership of Jawaharlal Nehru, the first Prime Minister of India.
•  The main aim of the plan was to develop the Indian economy and reduce poverty and unemployment.
• The plan focused on agriculture, irrigation, power, transport, and communication sectors.
•  The plan was successful in achieving some of its objectives, such as increasing food production and improving infrastructure.

Additional Informatio

• First Five-Year Plan
  • 1st five-year plan was for the period of 1951 to 1956.
  • The target Growth was 2.1 %  and the Actual Growth was 3.6 %.
  • It was based on Harrod-Domar.
  • The influx of refugees, severe food shortage & mounting inflation confronted the country at the onset of the first five-year plan.
  • The primary aim of the 1st five-year plan was to improve the living standards of the people of India.
  • This could be done by making judicious use of India’s natural resources.
  • The Plan focussed on agriculture, price stability, power, and transport.