Question
Download Solution PDFThe Second Five year Plan stressed rapid industrialization and the public sector. It was drafted and planned under the leadership of _______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- P.C Mahalanobis was instrumental in drafting and planning the Second Five Year Plan of India.
- The Second Five Year Plan (1956-1961) focused on rapid industrialization and strengthening the public sector.
- This plan aimed to lay the foundation for a socialist pattern of society in India.
- It emphasized the development of heavy industries and aimed to reduce inequalities in income and wealth.
Additional Information
- P.C Mahalanobis was a renowned Indian statistician and the founder of the Indian Statistical Institute.
- He played a significant role in the development of India's statistical system and economic planning.
- Mahalanobis introduced the Mahalanobis distance, a measure used in statistics and data analysis.
- The Second Five Year Plan was part of India's planned economic development strategy, aimed at self-reliance and growth.
- The plan also emphasized the importance of science and technology in the country's development.
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