The 20-year Perspective plan beginning in 1965 has converted aspirations for national economic policies. The First and Second Five-Year Plans helped to perfect the planning machinery, to build up confidence and experience, generate popular support and participation, and to create the necessary infrastructure for future growth.
The Second Plan had also achieved a sustained growth in the gross national product at roughly double the rate of increase in population. The stage was thus set for more ambitious long-term planning.
It was possible now to define long-range economic goals, formulate a clear-cut economic philosophy, and to draw a course for orderly change over a reasonable period of time.