The Nehru-Mahalanobis Strategy of Development was implemented for the first time by which one of the following Five-year Plans?
Second Five-Year Plan
The Nehru-Mahalanobis Strategy is a significant approach that guided India's economic development in its early post-independence years. This strategy is closely associated with Prime Minister Jawaharlal Nehru and statistician Prasanta Chandra Mahalanobis, who played a key role in drafting the Second Five-Year Plan.
The core idea of the Nehru-Mahalanobis Strategy was to focus on rapid industrialization, particularly the development of heavy industries. The belief was that building a strong base of capital goods industries (like steel plants, heavy machinery, etc.) was essential for achieving long-term self-sufficiency and growth in the economy. This strategy emphasized investment in these key sectors, often through state intervention and public sector enterprises.
India adopted the system of Five-Year Plans to guide its planned economic development. Each plan had specific objectives and priorities.
This plan prioritized:
The strategy aimed to create a strong industrial base that would then support growth in other sectors of the economy.
Let's look at the given options in the context of the Five-Year Plans and the Nehru-Mahalanobis Strategy:
Therefore, the Nehru-Mahalanobis Strategy was implemented for the first time during the Second Five-Year Plan.
| Five-Year Plan | Period | Primary Focus / Strategy |
|---|---|---|
| First Plan | 1951-1956 | Agriculture, Irrigation, Power (Harrod-Domar Model) |
| Second Plan | 1956-1961 | Heavy Industrialization, Public Sector (Nehru-Mahalanobis Strategy) |
| Third Plan | 1961-1966 | Self-reliance in food grains, expansion of basic industries |
The Nehru-Mahalanobis Strategy implemented in the Second Five-Year Plan led to significant development of India's industrial base, particularly in sectors like steel, coal, and heavy machinery. It helped build the foundation for future industrial growth. However, it also faced criticism for potentially neglecting agriculture initially and for issues related to the efficiency and performance of public sector enterprises in later years. Despite the debates, its implementation marked a crucial phase in India's economic planning history, firmly establishing industrialization as a key goal.
Which one of the following statements regarding the objectives of the Second Five-Year Plan is not correct?
Match List I with List-II and select the correct answer using the code given below the Lists:
List I (Major Objective) | List II (Five Year Plan) |
A. Faster and more inclusive growth | 1. First |
B. Faster, more inclusive, and sustainable growth | 2. Fifth |
C. Correction of disequilibrium caused by the Second World War | 3. Eleventh |
D. Attaining self-reliance | 4. Twelfth |
The call for Garibi Hatao was incorporated in
In its emphasis on enhancing human capabilities, which one among the following does NOT figure in the Twelfth Five-Year Plan?
Which one of the following is NOT a target of the 12 th Five-Year Plan?
The principal component(s) of Nehru-Mahalanobis strategy of economic development was/were
1) Restructuring economic dependency on metropolitan capitalism into independent economic development.
2) Transition from semi-feudal agriculture to capitalist farming.
Select the correct answer using the code given below:Plan allocation in agriculture and irrigation as percentage of total plan outlay was highest in:
Which of the following best explains the stated broad vision and aspirations of the Twelfth Five Year Plan (2012 - 2017)?
Which one of the following isnota feature of the Nehru-Mahalanobis model of development strategy?
The First Five Year Plan (1951-1956) was drafted by:
The Gadgil Formula for determining the allocation of central assistance for state plans in India was introduced in
How many national five year plans have been introduced so far?
Which of the following was the focus area for the Second Five Year Plan
The Ninth Five Year Plan was implemented in the country in which one of the following years?
The Annual Plan described as 'Plan Holiday' were implemented during