Who is regarded as the “Architect of Indian Planning” ?
P.C. Mahalanobis
Prasanta Chandra Mahalanobis, statistician and founder of the Indian Statistical Institute, designed the Mahalanobis model on which the Second Five Year Plan (1956–61) was based, with its stress on heavy industry and capital goods. For this he is widely called the Architect of Indian Planning.
D.R. Gadgil was Deputy Chairman of the Planning Commission and is known for the Gadgil formula for sharing central assistance among states.
K.N. Raj helped draft the First Five Year Plan and founded the Centre for Development Studies; V.K.R.V. Rao is known for pioneering estimates of India's national income. Neither is given the title in question. (M. Visvesvaraya, called the Father of Indian Planning, is not listed.)
P.C. Mahalanobis option is correct.
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- Which of the following statements regarding the estimation of India's national and per capita income during the colonial rule is correct?
What was one of the major characteristics of India's economy at the time of independence in 1947?
- The Fiscal Responsibility and Budget Management (FRBM) Act set limits on the fiscal deficit and public debt. What was the fiscal deficit target under the original FRBM Act by 2008-09?
