India owes its global economic stature and the resilience of its economic architecture to five-year plans: Rahul Gandhi
The country owes its global economic stature and the resilience of its economic architecture to the five-year plans formulated by the Planning Commission, which laid the foundations for a modern India, Congress leader Rahul Gandhi said on Saturday, saying it is the legacy of his party and the people of the country.
In a Facebook post, the former Congress leader said on the eve of India’s independence that the economy was in a ravaged state after two centuries of exploitative British rule.
At this point, the founding rulers of India undertook the momentous task of building the country from scratch and raising the standard of living of the people through the visionary Planning Commission, headed by the Prime Minister of India. time, Jawaharlal Nehru, he said.
“It was on this day in 1951 that Pt. Nehru presented the first five-year plan to Parliament. The plan called for GDP growth of 2.1% for that fiscal year. India exceeded all forecasts and recorded a GDP growth rate of 3.6 percent,” Gandhi said.
With emphasis on improving agriculture and irrigation, works on Bhakra Dam and Hirakud Dam started during this period, he noted.
Five IITs were also launched when the plan ended in 1956, the University Grants Commission (UGC) was established to strengthen higher education, and contracts were signed to start up five iron and steel plants, the Congress leader pointed out.
“Efforts have also been made to improve posts and telegraphs, roads, railways and civil aviation,” he said.
This planning model then saw 12 successive five-year plans which laid the foundation for a modern India and led to immense growth, transforming India into a leading economy, Gandhi asserted.
The country owes its global economic stature and the resilience of its economic architecture to these plans and policies, he added.
This is the legacy of Congress and the people of India, Gandhi said.