PC Mahalanobis is remembered as a major contributor of India’s developmental path because he __________.
(A)set up Indian Institutes of Management located in different parts of India
(B) formulated the Second Five-Year Plan
(C) was the first Minister of Statistics and Programme Implementation
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Only (B) is true.
P.C. Mahalanobis is remembered as a key architect of India's developmental path primarily for formulating the Second Five-Year Plan, which was launched in 1956. This plan emphasized a strategy of industrialization and prioritized the development of heavy industries and public sector enterprises. Mahalanobis introduced the concept of a planned economy and utilized statistical methods to guide economic planning. His focus on statistical data and empirical analysis laid the groundwork for effective policy-making. His contributions significantly shaped India’s economic framework, making him a pivotal figure in the country’s post-independence development narrative.