State the long period goals of five-year plans.OR
Explain the long-term objectives of Five Year Plans in India.
Explain the long-term objectives of Five Year Plans in India.
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The four long period goals of the five-year plans of India are:
- Modernisation, which refers to the adoption of new technology and new methods of production and also changes in social outlook.
- Self-reliance which means reducing imports of those goods which can be produced in the country itself.
- Economic growth, which is measured by increase in real output.
- Equity is the most important objective, since it implies equitable distribution of resources and wealth.
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