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First Year Plan (1951-1956)
- Objectives: Priority to Agriculture, Irrigation and Power Projects
- Harrod –Domar Planning Model
- Its main focus was on the agricultural development of the country.
- Community Development Programme Launched in 1952.
- India launched a nationwide Family Planning Programme in 1952.
- The National Extension programme was launched in
- Target: 2.1 Achieved: 3.6
Second Year Plan (1956 – 1961)
- Priority to Industry
- Rapid Industrialization with Particular emphasis on the development of basic and heavy industry, also called Mahalanobis Plan, Soviet Feldman Model.
- To promote a socialistic pattern of society at Avadi Summit of Indian National Congress.
| State | Place | Support |
| Chattisgarh | Bhilai | Russia |
| Odisha | Rourkela | Germany |
| Bengal | Durgapur | Britain |
- Atomic Energy Commission was formed in 1957 (First Chairman – Homi J.Bhabha)
- Industry Policy Resolution of 1956.
- The Panchayat Raj System was first adopted by the State of Rajasthan in 1959.
- Target: 4.5 Achieved: 4.2
Third Five-year Plan (1961 – 1966)
- Priority to Basic Industries
- Aimed to achieve self-sufficiency in food grains production and to increase Agro Production.
- Indo-China war 1962, Indo-Pakistan war 1965.
- Worst Famine (1965 -1966) could not achieve its growth target of 5.6%
- Rupee value depreciated to 57%
- Target: 5.6 Achieved: 2.4