- India's five-year plans were a series of socio- economic development plans implemented by the Planning Commission of India. - The First Five Year Plan (1951-1956) focused primarily on agriculture and irrigation and was based on the Harrod- Domar Model. - The Second Five Year Plan (1956-1961) aimed at rapid industrialization, particularly the development of heavy industries. - This plan was conceptualized by Professor P.C. Mahalanobis and is known as the Mahalanobis Model. - The model emphasized investment in capital goods industries to achieve long-term economic growth.
The Second Five Year Plan of India was based on
Asked in WBPSC CS Prelims 2017 · WBCS Main Paper 5 2022 · Topic: Planning (Planning Models and Strategies (e.g., Nehru-Mahalanobis Model))
More Economic Development questions
- The name of Prasanta Chandra Mahalanobis is associated with
- Which of the following is popularly known as Mahalanobis Plan?
- Which one of the following statements is not true? Mahalanobis strategy of planning implied:
- To achieve a high rate of growth of capital formation, P.C. Mahalanobis suggested that allocation of investment to capital goods sector should be
- The main foundation of Fifth Five Year Plan was
- The First Five Year Plan was based on the
- Which type of problems can be solved by using Simplex Method? - Question not attempted
- Simplex Method An algorithm designed for solving linear programming problems. 2. Linear Programming Problem (LPP) An optimization problem where the objective function and all constraints are linear. 3. Scope of Simplex Method Applicable to a wide range of problems that can be formulated as LPPs, including but not limited to assignment and transportation problems. 161. According to Harrod-Domar model, Warranted rate of Growth depends on which of the following on given incremental capital output ratio :