The adoption of the industrial policy of 1956 coincided with which Five-Year Plan?

Correct option is C

The correct answer is (c) 2nd Five-Year Plan
· The industrial policy of 1956 was a significant milestone in India's economic development, as it laid the foundation for a mixed economy and emphasized the role of public sector industries.
· This policy coincided with the Second Five-Year Plan, which was implemented from 1956 to 1961.
· The plan focused on the development of heavy industries and the establishment of a strong industrial base for the country.
Additional Information:
The Second Five-Year Plan was largely inspired by the Mahalanobis model, which emphasized the importance of industrialization and economic growth through the establishment of key industries, especially in sectors like steel, machine tools, and chemicals.
Other Options:
· 3rd Five-Year Plan: This plan commenced in 1961 and focused on agriculture and rural development rather than the industrial policy of 1956.
· 1st Five-Year Plan: This plan started in 1951 and was primarily focused on agriculture and rural development, preceding the industrial policy.
· 4th Five-Year Plan: This plan began in 1969 and addressed various socio-economic issues but did not coincide with the industrial policy of 1956.