P.C. Mahalanobis advocated for the active involvement of which sector in the economy?
A) Private sector
B) Public sector
C) Non-profit sector
D) Agricultural sector
Answer & explanation
Correct answer: option 2
The correct answer is Option 2 - Public sector
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.