P.C. Mahalanobis, an Indian statistician and economist, is particularly known for his role in the formulation of the Second Five-Year Plan in India. During the framing of this plan, his focus was on: Rapid Industrialisation and active role of the Public Sector.
The Second Five-Year Plan, also known as the Mahalanobis Plan, emphasized the development of heavy industries and envisaged a larger role for the public sector with significant investment in infrastructure and the industrial sector to propel the economy towards a more industrialized state. The second FYP wanted to bring about quick structural transformation by making changes simultaneously in all possible directions.
More about P.C. Mahalonobis:
P.C. Mahalanobis (1893-1972) was an esteemed scientist and statistician of international renown.
He founded the Indian Statistical Institute in 1931.
Mahalanobis played a key role as the architect of India's Second Five-Year Plan.
He advocated for rapid industrialization and emphasized the active involvement of the public sector in driving economic development.
He championed the importance of industrialization as a means to propel India's progress and transformation.
Mahalanobis’ contributions showcased his vision for a robust public sector and its pivotal role in India's developmental journey. | 
