The Second Five Year plan was based upon the ideas of which of the following statisticians?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Prasanta Chandra Mahalanobis.
The Second Five-Year Plan (1956–1961) of India was based on the Mahalanobis model, formulated by Prasanta Chandra Mahalanobis, a renowned Indian statistician. The plan emphasized rapid industrialization, particularly the development of heavy industries, to achieve self-reliance and long-term economic growth. It focused on capital goods production rather than consumer goods, aiming to build a strong industrial base for India.