The Planning Commission And The 5 Year Plans | Class 8 - History | Learn With BYJU'S

Inspired by the Soviet Union and China, our members of the parliament implemented the 5-year plans to develop the nation. This is a method of planning that helps economic growth of a country over limited periods, through the use of quotas. Each five-year plan focuses on one sector, but all of them objectify Economic Equity and Social Justice, Full Employment, Economic Self-Reliance and Modernisation. Learn more about five-year plans by watching this video!

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