The second five year plan of India is regarded as a landmark contribution to development planning. What could be the reasons for the same?
1. Laid emphasis on industrialisation
2. Aimed at increasing the rate of investment
3. Aimed at establishment of socialistic pattern of society
Select the correct answer using the code given below:
1 and 2 only
1 and 3 only
2 and 3 only
1, 2 and 3
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC Geoscientist – 2021
The plan shifted focus from agriculture (as in the first plan) to rapid industrialization with a focus on building a strong capital goods base through the development of heavy industries under the public sector. It aimed for a higher rate of growth and investment to achieve structural transformation of the economy.