Which five year plan in India is referred to as the Mahalanobis Plan?

Question

Question

This question was previously asked in

SSC CHSL Exam 2023 Tier-I Official Paper (Held On: 08 Aug, 2023 Shift 2)

Answer 1

The correct answer is 2nd Five Year Plan.

Key Points

Mahalanobis Plan:-
- It was implemented during the 2nd Five Year Plan from 1956-1961.
- It was named after the Indian statistician Prasanta Chandra Mahalanobis who played a key role in its formulation.
- The plan focused on the development of heavy industries and infrastructure, with an emphasis on import substitution.
- The Mahalanobis Plan was criticized for its reliance on centralized planning and neglect of agriculture.

Additional Information

1st Five Year Plan (1951-1956):-
- It focused on agriculture, with a goal of achieving food self-sufficiency.
3rd Five Year Plan (1961-1966):-
- It was also known as the "Gadgil-Yojana" after its chief architect, V.K.R.V. Rao.
4th Five Year Plan (1969-1974):-
- It was the first plan to be formulated after the devaluation of the Indian rupee in 1966, which had a significant impact on the country's economy.