Question

What are the important aspects of India's five-year plans?

पर्याय

• growth

• equity

• Both growth and equity

• None of the above

Answer 1

Both growth and equity

Explanation:

The two most significant features of India's five-year plans are growth and equity. While growth refers to a rise in GDP over time, equity refers to an equitable distribution of GDP so that the benefits of increased economic growth are shared equally by all segments of the population. Social justice entails equity. Growth is desirable in and of itself, but it does not guarantee people's well-being. Growth is measured by the market value of goods and services (GDP), and the commodities and services created may not be beneficial to the majority of the population. In other words, only a select few with a high standard of life and financial resources may be eligible for a share of GDP. As a result, development.