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The five year plan model of India is supposed to be taken from?
1. USA
3. UK
4. UAE

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Correct Answer - Option 2 : USSR

The correct answer is USSR.

  • The five-year plan model of India is supposed to be taken from USSR.
  • A five-year plan formed the most basic unit of planning in India.
  • Efforts towards economic planning in India began even prior to independence.
  • Five-Year Plans (FYPs) are centralized and integrated national economic programs.
  • Joseph Stalin implemented the first FYP in the Soviet Union in the late 1920s.

  • The planning commission was formed on 15 March 1950.
    • The First Five-year plan was based on the Harrod-Domar Model.
    • The Second Five-year plan followed the Prasanta Chandra Mahalanobis development model.
    • The Planning Commission was dissolved on 17 August 2014 and replaced by Niti Aayog.

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