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The Second Five-Year Plan () of India was primarily based on which economic framework or development model?

  1. A
    the Harrod-Domar Model
  2. B
    the Solow Model
  3. C
    the Mahalanobis Model
  4. D
    Mahatma Gandhi's Vision

Solution & Step-by-step Explanation

The Second Five-Year Plan in India relied heavily on the Mahalanobis model, formulated by the renowned statistician Prasanta Chandra Mahalanobis. The model prioritized rapid heavy industrialization and state-directed investment in capital goods sectors.

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The Second Five-Year Plan () of India was primarily based on which economic framework or development model?
A
the Harrod-Domar Model
B
the Solow Model
C
the Mahalanobis Model
D
Mahatma Gandhi's Vision

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