Reappraisal of the Second Five Year Plan A Resume

Abstract

The document reviews the progress of India's Second Five Year Plan, focusing on its economic reassessment conducted in 1958. Key points include: Economic Overview: The Planning Commission analyzed achievements after two years and projected resource needs for the remaining period. They noted that a reduction in budget could hamper growth and social services. Budget Allocation: The government decided to split the plan into two parts: Part A (essential projects) with a budget of Rs. 4,500 crores and Part B (additional projects) needing extra resources.