urlmenu.onchange = function() { Out of this total, provision of Rs. Box 2.3: Mahalanobis: the Architect of Indian Planning Many distinguished thinkers contributed to the formulation of our five year plans. 7.2.4 The first Five-year Plan was launched in 1951 and two subsequent five-year plans were formulated till 1965, when there was a break because of the Indo-Pakistan Conflict. var urlmenu = document.getElementById('menu1'); Mahalanobis model is an economic development model upsurged by the Indian statistician, Prasanta Chandra Mahalanobis in the year … 326 during the plan period at 1960-61 prices. Content Guidelines 2. Originally the second plan proposed a total public sector outlay of Rs. There was, however, a fall in the production of Jute. Coal production was increased. Two successive years of drought, devaluation of the currency, a general rise in ... Mahalanobis Plan). (ii) Rapid industrialisation of the country with particular emphasis on the development of basic and key industries. 11,670 crore to Rs. P.C. Drafted by statistician P.C. ADVERTISEMENTS: India’s Second Five-Year Plan (1956-61)! Some 9.5 million jobs were created during the plan period. Planning, in the real sense of the term, began with the Second Five Year Plan. All Rights Reserved. The Second five-year plan followed the Mahalanobis model. The essence of the model is a shift in the pattern of industrial investment towards building up a domesticconsumption goods sector. Copyright 10. The growth rate of per capita income was low because of higher rate of population. The plan followed the Mahalanobis model, an economic developmentmodel developed by the Indian statistician Prasanta Chandra Mahalanobis in 1953. Report a Violation. Mahalanobis became essentially the key economist of India’s Second Five Year Plan, becoming subject to much of India’s most dramatic economic debates. Plagiarism Prevention 4. Before publishing your articles on this site, please read the following pages: 1. Another achievement in the industrial field was the production of new items, such as tractors, newsprint, motor cycles, scooters, sulpha and antibiotic drugs, DDT, etc. Second Plan (1956–1961) The Second Plan focused on the development of the public sector and "rapid Industrialisation". He gave the highest priority to strengthening the industrial base of the economy. This was the USSR model Indianized by PC Mahalanobis, the founder of Indian Statistical Institute and a close aide of Nehru. The national income increased from Rs. For his pioneering work, he was awarded the Padma Vibhushan, one of India’s highest honors, by the Indian government in 1968. (v) To attain the annual growth rate of 5%. The Tata Institute of Fundamental Researchand Atomic Energy Commission of India was established as research institutes. and the machine building industries. Prohibited Content 3. (a) The national income of India increased and the per capita income increased by 8%. Professor Mahalanobis developed the plan. Growth Model of the Second Five-Year Plan: The Second Five Year Plan envisaged an increase in the total national income from Rs. 99 crore for the miscellaneous category. His model addresses different issues pertaining to economic development. 913 crore for irrigation and power, Rs. 1385 crore for transport and communication, Rs. Image Guidelines 5. The 2nd year five year plan, functioned on the basis of Mahalanobis model. It used the prevalent state of art techniques of operations research and optimization as well as the novel applications of statistical models developed at the Indian Statistical Institute. India started its planned development of its economy in 1951 when First Five-Year Plan was started. Mahalanobis became essentially the key economist of India’s Second Five Year Plan, becoming subject to much of India’s most dramatic … The Second Plan was particularly in the development of the public sectorand “rapid Industrialisation”. (iii) A large expansion of employment opportunities by developing labour-intensive projects and small scale industries. More railwaylines were added in the north east. location.href = this.options[this.selectedIndex].value; The plan attempted to determine the optimal allocation of investment between productive sectors in order to maximise long-run economic growth. There was emphasis on the expansion of the public sector and establishment of a socialistic pattern of society.

mahalanobis and second five year plan

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