Which five year plan in India is referred to as the Mahalanobis Plan?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 2nd Five Year Plan.
- The 2nd Five Year Plan (1956-1961) in India is indeed referred to as the Mahalanobis Plan.
- It was based on the four-sector model developed by statistician Prasanta Chandra Mahalanobis. This plan emphasized rapid industrialization, particularly in heavy industries, aiming for long-term economic growth. It focused on public sector development and import substitution.