Practicing Success
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? |
K. N. Raj P. C. Mahalanobis J. C. Kumarappa Ajit Prasad |
K. N. Raj |
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.
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