Which five year plan of India was based on the Mahalanobis model?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Second
The Second Five Year Plan (1956-1961) was based on the model of the statistician P.C. Mahalanobis. It stressed rapid industrialisation through heavy and basic industries in the public sector, such as the steel plants at Bhilai, Durgapur and Rourkela. The First Plan (1951-1956), by contrast, was based on the Harrod-Domar model and focused on agriculture.