Who was given the landmark contribution to the development of the second five-year plan?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. PC Mahalanobis.
The landmark contribution to the development of India’s Second Five-Year Plan (1956–1961) was made by the renowned economist Professor P.C. Mahalanobis. Known as the father of Indian statistical institutions, he formulated the Mahalanobis model, which emphasized rapid industrialization with a focus on the growth of heavy industries and capital goods. This plan aimed to strengthen India’s economic foundation by reducing dependence on imports and fostering self-reliance. His vision significantly influenced India’s long-term development strategy and planning process in the post-independence era.