Economics · Economic Planning
The Second Five Year Plan (1956-1961), often associated with the Mahalanobis Model, marked a significant shift in India's development strategy. What was the primary focus of this plan?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rapid industrialization with a particular emphasis on the development of basic and heavy industries.✓
- 2Establishing an export-oriented economy to integrate rapidly with global trade markets.
- 3Achieving immediate self-sufficiency in food grain production through the Green Revolution.
- 4Maximizing the role of the private sector in the 'commanding heights' of the economy.
Correct answer
Rapid industrialization with a particular emphasis on the development of basic and heavy industries.
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