Which one of the following is not among the aims of the Second Five Ye

Which one of the following is not among the aims of the Second Five Year Plan (1956-57 to 1960-61) ?

Rapid industrialization with particular emphasis on the development of basic and heavy industries

Large expansion of employment opportunities

Achieve self-sufficiency in food grains and increase agricultural production to meet the requirements of industry and exports

Reduction of inequalities in income and wealth and a more even distribution of economic power

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This question was previously asked in

UPSC CDS-1 – 2016

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The Second Five Year Plan (1956-61), known as the Mahalanobis Plan, prioritized rapid industrialization, focusing on the development of basic and heavy industries. It also aimed at a large expansion of employment opportunities and the reduction of inequalities in income and wealth. While increasing agricultural production was still important, achieving self-sufficiency in food grains was not its primary declared aim, unlike the First Plan or later plans. The focus significantly shifted from agriculture to industry in the Second Plan.

The Second Five Year Plan marked a significant shift in India’s planning strategy, moving the focus from agriculture (First Plan) to rapid industrialization, particularly heavy industries.

The plan was based on the model developed by P.C. Mahalanobis. It advocated for a closed economy where the main trading activity would be centered on importing capital goods. The plan faced resource constraints and rising inflation, leading to some adjustments later.

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