First Five Years Plan
Keeping in view the large-scale import of food grains in 1951 and inflationary pressures on the economy, the First Plan (1951-56) accorded the highest priority to agriculture including irrigation and power projects. About 44.6 per cent of the total outlay of Rs.2,069 crore in the public sector (later raised to Rs.2,378 crore) was allocated for this purpose. The Plan aimed at increasing the rate of investment from five to about seven per cent of the national income.
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