What was the target growth rate of the Indian economy in the second five-year plan?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 4.5%.
The target growth rate of the Indian economy in the Second Five-Year Plan (1956-1961) was 4.5% per annum. The plan focused on industrialization, particularly in sectors like steel, heavy machinery, and infrastructure development, aiming to boost economic growth and self-sufficiency. The Second Five-Year Plan was designed to lay the foundation for a more self-reliant and industrialized economy, setting the stage for India's long-term development and economic progress.