Second Five Year Plan. Annual Plan 1956-57 (First Year Programme)

Abstract

The primary object of the First Five Year Plan was to lay the foundations for building a more progressive and diversified economy. The plan was formulated against the background of a mounting inflation and an acute shortage of food and raw materials. Though the achievements of the first plan have been significant it , is only a beginning for generating a dynamism in the economy which will lift it continually to higher levels of material well-being.