Which one of the following is not a feature of the Nehru-Mahalanobis m

Which one of the following is not a feature of the Nehru-Mahalanobis model of development strategy ?

[amp_mcq option1=”Development of capital goods industries” option2=”Major involvement of the State in the economy” option3=”Industrial deregulation and disinvestment in the public sector” option4=”Enhancing the scope and importance of the public sector” correct=”option3″]

This question was previously asked in

UPSC NDA-1 – 2016

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The Nehru-Mahalanobis model, which formed the basis of India’s Second Five-Year Plan (1956-1961), was characterized by a strong emphasis on heavy industrialization, a significant role for the state, and expansion of the public sector. Industrial deregulation and disinvestment in the public sector are features associated with the economic reforms of the 1990s, which were a departure from the Nehru-Mahalanobis approach.

– The model focused on rapid growth through the development of basic and heavy industries (capital goods industries).
– It advocated for a command economy framework with major state intervention and planning.
– The public sector was assigned a leading role in economic development.
– Industrial deregulation and disinvestment are policies aimed at reducing state control and shrinking the public sector, which are antithetical to the Nehru-Mahalanobis model.

P.C. Mahalanobis was a statistician who developed the economic model adopted for the Second Five-Year Plan. This period marked a shift towards state-led industrialization, contrasting with the earlier focus on agriculture and irrigation in the First Five-Year Plan.

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