Which one of the following statements regarding the objectives of the Second Five-Year Plan is not correct ?
Development of the basic and heavy industry sector
Increase in national income to raise living standards
Expansion of the consumer goods sector
Expansion of employment opportunities
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC NDA-1 – 2024
The Second Five-Year Plan (1956-1961), based on the Mahalanobis model, focused strongly on rapid industrialization, particularly emphasizing the development of basic and heavy industries (capital goods industries). Other key objectives included increasing national income to raise living standards, large-scale expansion of employment opportunities, and reducing income inequalities. The emphasis was on building the industrial base, with less direct focus on the immediate expansion of the consumer goods sector.