What was the second five year plan known as?
The second five year plan is based on so called Mahalanobis model. This was the USSR model indianized by PC Mahalanobis, the founder of Indian Statistical Institute and a close aide of Nehru.
Who drafted the Second Five Year Plan of India?
Second Five Year Plan: I. It was made for the duration of 1956 to 1961, under the leadership of Jawaharlal Nehru.
What was the main objective of the second five year plan?
The main objectives of the Second Plan are an increase of 25 per cent in real national income over the five-year period 1956–57 to 1960–61; a large expansion of employment opportunities; rapid industrialization; and reduction of economic inequalities.
What did the 5 year plan call for?
In the Soviet Union, the first Five-Year Plan (1928–32), implemented by Joseph Stalin, concentrated on developing heavy industry and collectivizing agriculture, at the cost of a drastic fall in consumer goods.
What is called a rolling plan?
rolling plan in British English (ˈrəʊlɪŋ plæn) finance. a plan which is designed to continue over a period of time and is subject to regular review and updating.
Which plan is called rolling plan?
Rolling Plan was the sixth five year plan introduced by the Janata Government for the time period 1978-83, after removing the fifth five year plan in 1977-78.
Who is the real architect of 2nd Five Year Plan?
Mahalanobis, who was known as India’s ‘Plan Man’, was the architect of the Second Five-Year Plan.
Who was the architect of the Second Five Year Plan discuss its goal?
Second Five Year Plan of India (1956 – 61) Also called ‘Mahalanobis Plan’ after its chief architect PC Mahalanobis. It was based on 1928 Soviet Model of Feldman. Its emphasis was on economic stability. Agriculture target fixed in the first plan was almost achieved.
Who influence the strategy for the second five year plan?
The young nation needed building and industry was on the agenda of the second Five Year Plan, which was announced by the Planning Commission on May 14, 1956. Prime Minister Jawaharlal Nehru was influenced by the industrialisation that had swept the then USSR.
What is the difference between first Five Year Plan and Second Five-Year Plan?
(i) First Five year plan emphasised on agriculture development whereas the Second Five Year Plan had stressed on heavy industries. (ii) The First Five Year Plan was slower in reforms and Second Five Year Plan wanted to bring about quick structural transformation.
How did the 5 year plans work?
Five-Year Plans In the Soviet Union, the first Five-Year Plan (1928–32), implemented by Joseph Stalin, concentrated on developing heavy industry and collectivizing agriculture, at the cost of a drastic fall in consumer goods. The second plan (1933–37) continued the objectives of the first.
