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The correct chronological order of the objectives of the Five Year Plans is option 2: II, III, I. Let`s understand each objective individually:
I. Restructuring of Economy: This objective focuses on transforming the economy by implementing reforms and policies to promote growth, development, and efficiency in various sectors. It involves measures like promoting industrialization, improving infrastructure, and adopting new technologies.
II. Basic Industries: This objective aims to develop and strengthen the foundation of the industrial sector by focusing on the establishment and growth of basic industries like steel, coal, petroleum, power, etc. These industries play a crucial role in providing inputs for other industries and contribute significantly to the overall economic growth.
III. Minimum Needs Programme: This objective focuses on addressing the basic needs of the people, especially those belonging to lower income groups. It includes providing essential services like healthcare, education, housing, clean drinking water, sanitation, etc., to improve the standard of living for all citizens.
Based on the above explanations, it is clear that the correct chronological order of these objectives is option 2: II, III, I.