Which of the following statements is true?

Statement 1 - While India announced its first Five Year Plan for 1951–56, Pakistan announced its first Five Year Plan, now called the Medium Term Development Plan, in 1956.

Statement 2 - The Great Leap Forward (GLF) campaign initiated by China in 1958 aimed at improving the agricultural sector of the country on a massive scale.

Only statement 1 is true

China initiated "The Great Leap Forward" (GLF) campaign in the year 1958, which aimed at industrialising the country on a massive scale.