Question
Download Solution PDFConsidering the five-year plans of India, which of the following is correct matched?
I. Rolling Plan – Introduced before Sixth Five-Year Plan
II. Mahalanobis Plan – Second Five-Year Plan
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Both I and II.
Key Points
- Rolling Plan – Introduced before Sixth Five-Year Plan: This statement is correct.
- It was initiated in 1978 by the Janata government. Instead of having a fixed five-year plan, the idea was to have a continuous (rolling) plan, updated every year based on the needs and priorities of the economy at that time.
- Mahalanobis Plan – Second Five-Year Plan: This statement is correct.
- The Second Five-Year Plan, also known as the Mahalanobis Plan, was launched in 1956.
- It was named after the well-known statistician Prasanta Chandra Mahalanobis who played a key role in its formulation.
- The plan followed the strategy of rapid industrialization, with particular emphasis on heavy industries.
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