Five-Year Plan

(redirected from Second Five Year Plan)
Also found in: Financial, Encyclopedia.
Related to Second Five Year Plan: 5 Year Plans

Five-Year Plan

n
(Economics) (formerly in socialist economies) a government plan for economic development over a period of five years
References in periodicals archive ?
Arundhati Roy points out in her book, The Greater Common Good, that Jawaharlal Nehru, the greatest proponent of modern India with his advocacy for the 'temples of development' came to his senses already towards the end of the second Five Year Plan when he admitted: "For some time past, however, I have been beginning to think that we are suffering from what we may call 'the disease of gigantism'.
The Second Five Year Plan (1956-1961): Pointed out that the rate of population increase was one of the key factors in development and underscored the fact that "a high rate of population growth is bound to affect adversely the rate of economic advance and living standards per capita.
If we recall, it was well-known that South Korea copied Pakistan's Second Five Year Plan (1965-70).
When the Nehru government released a draft of its Second Five Year Plan it was extolled by Indian and foreign economists alike (Bauer, 1998).
The draft Second Five Year Plan also known as Mahalanobis model was drafted at the ISI.
The Second Five year Plan (1956-61) stressed constitution of District Development Councils for drawing up of village plans and popular participation in planning through the process of democratic decentralization.
The second Eastern Ring Road is also being completed in accordance with the second five year plan for future road network.
According to statistics from the second Five Year Plan, 65 percent of the population was employed in the informal sector and 53 percent worked in agriculture in 2000.
In case of Rajasthan, development of industries has given utmost priority since second five year plan.

Full browser ?