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Mahalanobis Plan Model adopted in India in the Mid-fifties aimed at?
1. Building a strong defence industry base
2. Setting up heavy industries which were capital intensive
3. Curbing inflation in the economy
4. Removing unemployment within a short period

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Correct Answer - Option 2 : Setting up heavy industries which were capital intensive

The correct answer is Setting up heavy industries which were capital intensive.

  • Mahalanobis Plan Model adopted in India in the Mid-fifties aimed at Setting up heavy industries which were capital intensive.
  • Mahalanobis Plan Model:-
    • In the 1950s, an Old Russian Model was Indianized by P.C. Mahalanobis.
    • This model is known to have set the statistical foundations for state-directed investments and created the intellectual underpinnings of the license-raj through an elaborate input-output model.
    • This Model suggested that there should be an emphasis on the heavy industries, which can lead the Indian Economy to a long-term higher growth path.
    • India’s second five-year plan and Industrial policy Resolution 1956, which paved the way for the development of the Public Sector and license raj.
    • He was the founder of the Indian Statistical Institute and a close aide of Pandit Jawahar Lal Nehru.

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