Simple Answer

After independence in 1947, India faced many economic problems. The government started Five-Year Plans to improve the country’s economy and people’s lives.

Main Reasons

1. Increase National Income

• The government wanted to increase the country’s total income.
• It also wanted to improve people’s standard of living.

2. Become Self-Reliant

• India wanted to produce enough food for its people.
• It also wanted to develop its own industries.

3. Reduce Poverty and Unemployment

• The government wanted to reduce the gap between rich and poor.
• It also wanted to create more job opportunities.

Simple Example

India wanted to produce more food in its own farms, develop factories and create jobs instead of depending on other countries.

Remember for Exams

The Government of India adopted economic planning through Five-Year Plans to increase national income, achieve self-reliance, improve living standards and reduce poverty and unemployment.