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Which five year plan of India adopted the Prof. Mahalanobis model?
  • a)
    First plan
  • b)
    Second plan
  • c)
    Third plan
  • d)
    Fourth plan
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which five year plan of India adopted the Prof. Mahalanobis model?a)F...
The correct answer is Second plan.
Key-Points
P C Mahalanobis
  • The Feldman–Mahalanobis model is a Neo-Marxian model of the economic growth plan, created independently by Soviet economist Grigory Feldman in 1928 and Indian statistician Prasanta Chandra Mahalanobis in 1953.
  • Mahalanobis became the key economist of India's Second Five Year Plan, becoming subject to much of India's most dramatic economic debates.
  • The synopsis of the model is a shift in the pattern of industrial investment towards building up a domestic consumption goods sector.
  • Thus the blueprint suggests in order to reach a high standard in consumption, investment in building a capacity in the production of capital goods is firstly needed.
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Which five year plan of India adopted the Prof. Mahalanobis model?a)First planb)Second planc)Third pland)Fourth planCorrect answer is option 'B'. Can you explain this answer?
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