Which of the following Five-Year Plans was based on the Harrod–Domar Model?

Correct option is D

The correct answer is (D) First
Explanation:
• The Harrod–Domar Model focuses on capital accumulation and savings rate.
• India’s First Five-Year Plan (1951–56) adopted this growth model.
• The plan emphasised investment-led growth.
• Priority was given to agriculture and irrigation.
• Hence, the First Five-Year Plan was based on the Harrod–Domar Model.
Information Booster:
• First Five-Year Plan was influenced by Mahalanobis and Harrod–Domar ideas.
• It aimed at post-independence economic stability.
Additional Knowledge (Incorrect Options):
(A) Fifth
• Focused on poverty alleviation (Garibi Hatao).
(B) Third
• Emphasised self-reliance and industrial growth.
(C) Seventh
• Focused on productivity and employment generation.