Indian Economy

General Studies (MTS) SSC (MTS)

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Indian Economy - Understanding the basics of Indian economic system

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Which five-year plan of India was based on Harrod-Domar model?

Explanation:

India’s first five-year plan which started in 1951 is known as the Harrod-Domar model. It focussed on agriculture and irrigation. The plan was a success, with the economy growing at an annualized 3.6%, beating the target of 2.1%.

By: Gagandeep Singh

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