The Second Five-Year Plan () of India was primarily based on which economic framework or development model?
- Athe Harrod-Domar Model
- Bthe Solow Model
- Cthe Mahalanobis Model
- DMahatma 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.