Correct option is B
The outlines of the Second Five Year Plan in India were made by P.C. Mahalanobis. He was an Indian statistician and the founder of the Indian Statistical Institute. The Second Five Year Plan, launched in 1956, focused on industrialization and was based on the Mahalanobis model, which emphasized the development of heavy industries.
Important Key Points:
1. The Second Five Year Plan focused on rapid industrialization and aimed to boost the manufacturing sector.
2. P.C. Mahalanobis played a key role in shaping India’s economic policies during this period.
3. The plan was pivotal in laying the foundation for India’s industrial base.
4. It emphasized the importance of heavy industries like steel, cement, and machinery.
5. The Mahalanobis model is considered a milestone in India's planning history.
Information Booster:
· P.C. Mahalanobis: An influential figure in the Indian planning process, known for his contributions to statistics and economic planning.
· Second Five Year Plan: Aimed to establish a strong industrial base in India, crucial for the country’s economic development.