The second five-year plan of India focused on ______.

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SSC CHSL Tier-I Exam 2022 Official Paper (Held On: 16 March, 2023 Shift 1)
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  1. rapid industrialization
  2. foreign direct investment
  3. balance of payment
  4. family Planning Programmes

Answer (Detailed Solution Below)

Option 1 : rapid industrialization
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SSC CHSL Exam 2023 Tier-I Official Paper (Held On: 02 Aug 2023 Shift 1)
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The correct answer is rapid industrialization.Key Points

  • The second five-year plan's main focus was on the rapid industrial development of the country.
  • It was made from 1956 to 1961, under the leadership of Jawaharlal Nehru.
  • The Second Five Year Plan was based on Mahalanobis Model.
  • P. C. Mahalanobis was a famous Indian statistician who founded the Indian Statistical Institute.
  • This plan lags behind its target growth rate of 4.5% and achieved a growth rate of 4.27%.

Additional Information

Plan

Period

Objective

Actual growth rate (percent)

First

1951-55

Agricultural development of the country.

3.6

Second

1956-61

industrial development (based on P.C. Mahalanobis model)

4.1

Third

1961-66

Make the economy independent and to reach the self-active position of take-off (also called Gadgil Yojana)

2.4

Fourth

1969-74

Growth with stability and progressive achievement of self-reliance.

3.3

Fifth

1974-79

Top priority was given to agriculture

4.8

Sixth

1980-85

Poverty eradication and technological self-reliance.

5.7

Seventh

1985-90

Establishment of a self-sufficient economy, opportunities for productive employment.

6.0

Eight

1992-97

development of human resources i

6.8

Ninth

1997-02

growth with justice and equity

5.4

tenth

2002-07

Double the per capita income

7.2

Eleventh

2007-12

faster and more inclusive growth

7.7

Twelveth

2012-17

Faster, More Inclusive and Sustainable Growth

7.9

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