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What was the duration of the second five year plan?
Question

What was the duration of the second five year plan?

A.

1950–55

B.

1956–61

C.

1951–56

D.

1952–57

Correct option is B

The correct answer is (b) 1956–61.
· The Second Five-Year Plan of India spanned from 1956 to 1961.
· This plan was focused on the development of heavy industries, such as steel, and aimed at building a strong industrial base for India’s future growth.
· It was modeled after the Soviet Union's planning approach and emphasized the public sector's role in promoting industriaslization.
Information Booster:
· The second plan was prepared under the leadership of P.C. Mahalanobis, who emphasized the importance of industrial development.
· The plan prioritized sectors like steel, coal, and heavy machinery to boost infrastructure and industrial growth.
· It aimed to accelerate the pace of economic growth and move toward a self-reliant economy.
· This plan also introduced measures to develop the public sector, focusing on both capital goods and basic industries.

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