The Mahalanobis model was the basis for which Five-Year Plan?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Second Five-Year Plan.
The Mahalanobis model was the basis for India's Second Five-Year Plan (1956–1961). This plan, formulated by renowned economist Prasanta Chandra Mahalanobis, emphasized the development of heavy industries, infrastructure, and technological advancements. The model focused on the concept of capital goods industries and aimed to achieve rapid industrialization to reduce dependence on imports. It played a significant role in shaping India's economic strategy during the period of planned economic development.