International Relations Prelims Question

The Second Five Year Plan is also called the Mahalanobis Plan, because it was the brainchild of economist P.C. Mahalanobis.
In 1954, the Parliament declared the objective of the Second Plan to achieve the socialistic pattern of society. The basic aim under this Plan was to attain greater equality of income and wealth, and not private profit.
It promoted a pattern of development that would lead to the establishment of a socialistic society in India. The benefits of the Plan were directed towards the betterment of the less privileged, than the progressive sections.
Industries got more importance in the 2^nd Five-Year Plan. The focus was mainly on heavy industries. The Indian government boosted the manufacturing of industrial goods in the country. This was done primarily to develop the public sector.
Advocated huge imports through foreign loans.
Target Growth: 4.5% Actual Growth: 4.27%

The Second Five Year Plan is also called the Mahalanobis Plan, because it was the brainchild of economist P.C. Mahalanobis.
In 1954, the Parliament declared the objective of the Second Plan to achieve the socialistic pattern of society. The basic aim under this Plan was to attain greater equality of income and wealth, and not private profit.
It promoted a pattern of development that would lead to the establishment of a socialistic society in India. The benefits of the Plan were directed towards the betterment of the less privileged, than the progressive sections.
Industries got more importance in the 2^nd Five-Year Plan. The focus was mainly on heavy industries. The Indian government boosted the manufacturing of industrial goods in the country. This was done primarily to develop the public sector.
Advocated huge imports through foreign loans.
Target Growth: 4.5% Actual Growth: 4.27%

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