Question
Download Solution PDFRapid industrialization is the basic objective of:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFIndia’s Five Year Plans have been designed to address various aspects of the country’s economic and social development.
- Each plan has focused on different priorities based on the country's needs at the time.
Key Points
- Second Five Year Plan focused on rapid industrialization as its primary objective.
- Launched in 1956, the plan was designed to promote industrial growth, especially in heavy industries and the public sector, with a goal of establishing a strong industrial base for the country.
- This plan was heavily influenced by the ideas of P.C. Mahalanobis, who advocated for a focus on large-scale industrial development as a means of achieving economic growth.
Hint
- Third Five Year Plan (1961-1966) emphasized agriculture and defense and was less focused on industrialization.
- Fourth Five Year Plan (1969-1974) primarily focused on stabilizing the economy after the challenges of the previous plan and did not center around rapid industrialization.
- Fifth Five Year Plan (1974-1979) shifted focus towards poverty alleviation and rural development, with less emphasis on industrialization compared to the second plan.
Hence, the correct answer is Second Five Year Plan.
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