Who was the architech of Second Five Year Plan ?

Correct option is B

The Second Five-Year Plan (1956-1961) was designed by Professor Prasanta Chandra Mahalanobis, an eminent statistician and economist. It is known as the Mahalanobis Model, which emphasized rapid industrialization and heavy industries to accelerate economic growth.

The key focus of this plan was:

• Development of Public Sector Enterprises (PSUs)
• Heavy industries like steel, coal, and power plants
• Reduction of income inequality
• Self-reliance through import substitution

Information Booster:

1. The Second Five-Year Plan aimed to promote a socialist pattern of economy.
2. The Mahalanobis Model was based on heavy capital investment in core industries.
3. The Industrial Policy Resolution of 1956 was implemented during this plan.
4. The plan resulted in the growth of BHEL, SAIL, ONGC, and other PSUs.
5. Due to high industrial focus, agriculture was somewhat neglected, leading to a food crisis.
6. The Green Revolution was introduced in the later plans to address this issue.