Which one among the following plans is also known as Mahalanobis Plan ?

The Second Five Year Plan (1956–1961) is widely known as the Mahalanobis Plan because it was based on the strategy and model developed by the renowned statistician Prof. P.C. Mahalanobis [3]. Unlike the First Five Year Plan, which focused on agriculture and the Harrod-Domar model, the Second Plan shifted India's economic focus toward rapid industrialization [3]. It specifically emphasized the development of heavy and basic industries to build a strong industrial base for the economy [1]. This period saw the establishment of major steel plants in Bhilai, Rourkela, and Durgapur, and was aligned with the Industrial Policy Resolution of 1956, which aimed at creating a socialistic pattern of society [2]. The plan prioritized the public sector's role in capital-intensive industries to achieve long-term economic growth [3].

Sources

1. [1] History , class XII (Tamilnadu state board 2024 ed.) > Chapter 9: Envisioning a New Socio-Economic Order > 9.4 Five Year Plans > p. 125
2. [3] https://mlsu.ac.in/econtents/5157_five%20year%20plan.pdf
3. [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 6: Indian Economy [1947 – 2014] > Five Year Plans > p. 223