Which of the following five year plan of India aim was to make India a 'self-reliant' and 'self-generating' economy?

Correct option is B

The correct answer is (b) Third Five-Year Plan.
· The Third Five-Year Plan of India (1961-1966) aimed at making India a self-reliant and self-generating economy. The focus of this plan was on heavy industry, agriculture, and the development of a diversified economy, which would be less dependent on imports and foreign aid.
· This plan sought to establish a robust industrial base, increase agricultural production, and make India economically independent by boosting internal resources and reducing external dependence.
· The plan was disrupted by the Sino-Indian war in 1962, Indo-Pak war in 1965, and subsequent economic crises, leading to its partial success.
Other Plans:
· First Five-Year Plan (1951-1956): Focused on agriculture, irrigation, and energy production.
· Second Five-Year Plan (1956-1961): Focused on the development of the public sector and rapid industrialization based on the Mahalanobis model.
· Fourth Five-Year Plan (1969-1974): Focused on growth with stability and progressive achievement of self-reliance, particularly after the failures of the Third Plan.