[1] The plan called for doubling the size of Japan's economy in ten years through a combination of tax breaks, targeted investment, an expanded social safety net, and incentives to increase exports and industrial development.
To achieve the goal of doubling of the economy in ten years, the plan called for an average annual economic growth rate of 7.2%.
[2] Ikeda introduced the Income Doubling Plan in response to the massive Anpo protests in 1960 against the US-Japan Security Treaty, as part of an effort to shift Japan's national dialogue away from contentious political struggles toward building a consensus around pursuit of rapid economic growth.
Farming and agriculture were made more efficient and strategies to account for the influx of people migrating from rural to urban environments were worked on.
"[6] Various aspects of the plan have been studied by other nations, especially in Asia, hoping to copy Japan's model of export-led rapid economic growth.