Multiple Choice Questions on The Mahalanobis Model was an Old Russian model of Economic growth indianized by PC Mahalanobis As pe........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

The Mahalanobis Model was an Old Russian model of Economic growth indianized by PC Mahalanobis As pe...........

Economic Affairs Planning in India
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    The Mahalanobis Model was an Old Russian model of Economic growth indianized by PC Mahalanobis. As per this model, the main driver of Economic growth was/were to be

    Agriculture and Allied activities

    Incorrect Answer

    Consumer Goods Industry

    Incorrect Answer

    Services Sector

    Incorrect Answer

    Heavy industry

    Correct Answer
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    Explanation:

    Heavy industry

    • The Industrial Policy Resolution of 1956 was based upon the Mahalanobis Model of growth.
    • This Model suggested that there should be an emphasis on the heavy industries, which can lead the Indian Economy to a long term higher growth path.

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