What was the estimated growth target of the Second Five-Year Plan in India?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 4.5%.
The estimated growth target of the Second Five-Year Plan in India, which was implemented from 1956 to 1961, was 4.5% per annum. This plan was based on the Mahalanobis model and focused on industrialization, especially the development of heavy industries and the public sector. It aimed to reduce dependence on imports and build a self-reliant economy. Although the actual achieved growth was around 4.27%, the plan significantly contributed to laying the foundation for India’s industrial development.