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Question
In which five year plan, Mahalanobis Model was adopted in India?
In which five year plan, Mahalanobis Model was adopted in India?
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Solution
The correct option is C Second
Prof. P.C. Mahalanobis was a member of Planning Commission. He prepared a growth model with which he showed that to achieve a rapid long- term rate of growth it would be essential to devote a major part of the investment outlay to building of basic heavy industries. Mahalanobis strategy of development emphasising basic heavy industries which was adopted first of all in the Second Plan also continued to hold the stage in Indian planning right up to the Fifth Plan which was terminated by the Janata Government in March 1978, a year before its full term of five years.
Prof. P.C. Mahalanobis was a member of Planning Commission. He prepared a growth model with which he showed that to achieve a rapid long- term rate of growth it would be essential to devote a major part of the investment outlay to building of basic heavy industries. Mahalanobis strategy of development emphasising basic heavy industries which was adopted first of all in the Second Plan also continued to hold the stage in Indian planning right up to the Fifth Plan which was terminated by the Janata Government in March 1978, a year before its full term of five years.
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