The major thrust of the First Five-Year Plan was as follows:
a. Importance was given to the agrarian sector, with emphasis on increasing production of food grains, jute, cotton, etc.
b. It emphasised on greater investment in building dams for irrigation, which Pt. Nehru rightly referred as Temples of Modern India.
c. Huge allocation of funds for multipurpose projects like the Bhakhra Nangal Dam.
d. Introduction of land reforms so as to revamp agrarian sector and bring about agricultural growth and prosperity.
a. The Second Five-Year Plan was drafted a team of economists and planners under the leadership of P. C. Mahalanobis
b. It laid emphasis on industrialisation. The plan gave priority to set up a ‘Socialist pattern of society’ on the basis of Industrial Policy Statement 1956.
c. The plan focused on quick structural transformation by accelerating the process of industrialisation with emphasis on basic and heavy industries like railways, steel, energy, etc.
d. The government imposed substantial tariffs on imports to protect domestic industries.
e. If we compare the data, government share in the industrial sector increased from 7.5% to 18.5% and that of agriculture decreased from 15.1% to 11.8%.