Question

“After the implementation of the two Five Year Plans it was assumed that in this period the foundations of India’s future economic growth were laid”. List the major developments that took place during this period.

Answer 1

• It was during this period that some major developmental schemes were implemented.

For example, there were Bhakranangal and Hirakud dams which helped in the production of electricity and irrigation.

• Under Public Sector heavy industries were started. There were steel plants, oil refineries, large-scale manufacturing units and the production of defence equipment.
• There was great progress in travel and communication facilities. All these proved beneficial in the future growth of India.