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India has resorted to planned economic development since independence. For attaining rapid economic progress and for improving the life of its people, India has given due stress on development of its agrarian and industrial sectors through its Five Year Plans. India's First Five Year Plan aimed at economic stabilization and for attaining self sufficiency in the agrarian sector. The Second Five Year Plan initiated structural transformation with an emphasis on heavy industrialization. The firstdoi:10.5281/zenodo.1461124 fatcat:blaahoce2ref7cl5khfftb4gpa