Which Five-Year Plan is known as the Mahalanobis Plan?

By Shivank Goel|Updated : September 5th, 2022

India's second five-year plan is known as the Mahalanobis Plan, as it was proposed by Professor Prasanta Chandra Mahalanobis. The duration of the second five-year plan was from 1956 -1961. The primary objective of the Mahalanobis Plan was to achieve a faster rate in the industrialization process for better economic growth and development. Prof. Mahalanobis planned to achieve this by laying emphasis on the development of basic, heavy industries.

The Mahalanobis Plan

The second five-year plan came to be known as the Mahalanobis Plan, as it majorly adopted the Nehru-Mahalanobis model in its approach. The plan focused on the rapid development of heavy industries and prioritizing investment goods as they would lead to economic growth. The plan also explores the scope of investment in the various economic sectors.

The goal was to meet all types of demand and increase the consumer goods supply by increasing production and investments in the small and household industries.

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  • The second five-year plan was called the Mahalanobis Plan, as it was proposed by Professor Prasanta Chandra Mahalanobis.

  • The primary objective of the Mahalanobis Plan was to fasten the process of industrialization and invest in basic and heavy industries.

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