Concept:The first Five Year Plan (FYP) was introduced in the Soviet Union (USSR) under Joseph Stalin in the late 1920s.
Explanation:Centralised and integrated national economic programs are known as Five Year Plans.
Joseph Stalin implemented the first FYP in the Soviet Union (USSR).
This began in the late 1920s.
Later, many communist and capitalist countries adopted similar plans.
India launched its first FYP in
1951 under Prime Minister Jawaharlal Nehru.
India’s Planning Commission was set up in March
1950 to formulate these plans.
The goal was to raise living standards, increase production, and create employment opportunities.
Answer:USSR