Which Five Year Plan focused on rapid industrialization of heavy and basic industries?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 2nd.
The Second Five-Year Plan (1956-1961) focused on the rapid industrialization of heavy and basic industries in India. Formulated under the leadership of Prime Minister Jawaharlal Nehru and guided by economist P.C. Mahalanobis, this plan aimed at building the foundation for a strong industrial base. It prioritized sectors such as steel, coal, and machinery production, with the goal of achieving self-reliance and reducing dependency on imports. The plan marked a significant shift towards socialist principles and laid the groundwork for India's industrial development.