Question

State whether true or false:
The Second Five Year Plan focused on the development of heavy industry.

• A. True
• B. False

Answer 1

The correct option is A True

In 1956, the Second Five Year Plan was formulated. This focused strongly on the development of heavy industries such as steel, and on the building of large dams. These sectors would be under the control of the State. This focus on heavy industry, and the effort at state regulation of the economy was to guide economic policy for the next few decades. This approach had many strong supporters, but also some vocal critics.