The correct answer is Option 1 - Avadi session
Features of the Second Five-Year Plan (1956-1961): Emphasized heavy industries and quick structural transformation. Drafted by a team of economists and planners led by P.C. Mahalanobis. The Congress party declared the goal of a "socialist pattern of society" at their Avadi session (Madras), reflected in the Second Plan. Imposed substantial tariffs on imports to protect domestic industries. Protected environment facilitated the growth of both public and private sector industries. Growing savings and investment supported the development of industries like electricity, railways, steel, machinery, and communication, primarily in the public sector. This push for industrialization marked a significant turning point in India's development. |