Who was involved in drafting the first five year plan and argued that "India should 'hasten slowly" for the first decade as a fast rate of development might endanger democracy?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) - K. N. Raj
K.N. Raj (Kakkadan Nandanath Rajan), a young economist involved in drafting the first five year plan, argued that India should ‘hasten slowly’ for the first two decades as a fast rate of development might endanger democracy. The plan was based on the Harrod-Domar model.