5 and 10 year plans aren’t what they’re cracked up to be, as history proves. The capitalist system of allowing millions, instead of a committee, to decide tends to produce better solutions. No 5 year plan will ever produce an Apple, Google or Hollywood.
Japan was supposed to overtake the USA and didn’t - and China is already experiencing an ageing population, lack of raw resources and a shrinking overseas market. Unlike democratic India.
I await the future with interest.