Second Five Year Plan

Abstract

The second five year plan has to carry forward the process initiated in the first plan period. It must provide for a larger increase in production, in investment and in employment. Simultaneously, it must accelerate the institutional changes needed to make the economy more dynamic and more progressive in terras no less of social than of economic ends. Development is a continuous process; it touches all aspects of community life and has to be viewed comprehensively. Economic planning thus extends itself into extra-economic spheres, educational, social and cultural. Each plan for a limited period becomes the starting point for more sustained effort covering longer periods, and each step in advance opens out new vistas and brings into view new problems to be solved. While planning—or programming, as it is often called—for a particular period, it is thus necessary to keep in view a more longrange perspective and to be ready to adjust and adapt the programmes in hand as this perspective becomes clearer.