Question

Which five year plan of India adopted the Prof. Mahalnobis model?
1. First plan
2. Second plan
3. Third plan
4. Fourth plan

Answer 1

Correct Answer - Option 2 : Second plan

The correct answer is Second plan.

• P C Mahalanobis
  • The Feldman–Mahalanobis model is a Neo-Marxian model of the economic growth plan, created independently by Soviet economist Grigory Feldman in 1928 and Indian statistician Prasanta Chandra Mahalanobis in 1953.
  • Mahalanobis became factually the key economist of India's Second Five Year Plan, becoming subject to much of India's most dramatic economic debates.
  • The synopsis of the model is a shift in the pattern of industrial investment towards building up a domestic consumption goods sector.
  • Thus the blueprint suggests in order to reach a high standard in consumption, investment in building a capacity in the production of capital goods is firstly needed.