Question:
Which one among the following plans is also known as Mahalanobis Plan?
Which one among the following plans is also known as Mahalanobis Plan?
Options:
- First Five Year Plan
- Second Five Year Plan
- Third Five Year Plan
- Sixth Five Year Plan
- First Five Year Plan
- Second Five Year Plan
- Third Five Year Plan
- Sixth Five Year Plan
Correct Answer: Second Five Year Plan
Explanation:
The Second Five Year Plan (1956–1961) is known as the Mahalanobis Plan, formulated by economist P.C. Mahalanobis. It emphasized rapid industrialization, focusing on heavy industries and capital goods. This plan aimed to build India’s long-term economic strength by prioritizing the public sector and reducing dependence on imports.
The Second Five Year Plan (1956–1961) is known as the Mahalanobis Plan, formulated by economist P.C. Mahalanobis. It emphasized rapid industrialization, focusing on heavy industries and capital goods. This plan aimed to build India’s long-term economic strength by prioritizing the public sector and reducing dependence on imports.