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Which Five-Year Plan is also known as the "Mahalanobis Plan"?
- a)First Plan (1951-56)
- b)Second Plan (1956-61)
- c)Third Plan (1961-66)
- d)Fourth Plan (1969-74)
Correct answer is option 'B'. Can you explain this answer?
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Which Five-Year Plan is also known as the "Mahalanobis Plan"?a)First P...
The Second Five-Year Plan (1956-61) is also known as the "Mahalanobis Plan." This plan focused on rapid industrialization and laid emphasis on heavy and basic industries.
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Which Five-Year Plan is also known as the "Mahalanobis Plan"?a)First P...
Second Five-Year Plan (1956-61) - Mahalanobis Plan
The Second Five-Year Plan, also known as the "Mahalanobis Plan," was named after the renowned Indian statistician Prasanta Chandra Mahalanobis. This plan was formulated with the aim of promoting rapid industrialization in India.
Key Points:
- The Second Five-Year Plan was launched in 1956 and focused on the development of heavy industries, such as steel, machinery, and chemicals.
- The plan emphasized the importance of scientific research and technological advancement to boost industrial growth.
- The Mahalanobis Model, which was the basis of this plan, aimed to achieve a balanced growth of all sectors of the economy.
- The plan also laid stress on reducing income inequalities and improving the standard of living of the people.
- The Second Five-Year Plan faced challenges such as inadequate resources, inefficient implementation, and external factors like the Indo-China war of 1962.
Overall, the Second Five-Year Plan, or the Mahalanobis Plan, played a significant role in shaping India's industrial growth and economic development during the 1950s and 1960s.
The Second Five-Year Plan, also known as the "Mahalanobis Plan," was named after the renowned Indian statistician Prasanta Chandra Mahalanobis. This plan was formulated with the aim of promoting rapid industrialization in India.
Key Points:
- The Second Five-Year Plan was launched in 1956 and focused on the development of heavy industries, such as steel, machinery, and chemicals.
- The plan emphasized the importance of scientific research and technological advancement to boost industrial growth.
- The Mahalanobis Model, which was the basis of this plan, aimed to achieve a balanced growth of all sectors of the economy.
- The plan also laid stress on reducing income inequalities and improving the standard of living of the people.
- The Second Five-Year Plan faced challenges such as inadequate resources, inefficient implementation, and external factors like the Indo-China war of 1962.
Overall, the Second Five-Year Plan, or the Mahalanobis Plan, played a significant role in shaping India's industrial growth and economic development during the 1950s and 1960s.
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Which Five-Year Plan is also known as the "Mahalanobis Plan"?a)First Plan (1951-56)b)Second Plan (1956-61)c)Third Plan (1961-66)d)Fourth Plan (1969-74)Correct answer is option 'B'. Can you explain this answer?
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