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The Nehru-Mahalanobis Strategy of Development was implemented for the first time by which one of the following Five- Year plans?
First Five-Year Plan
Second Five-Year Plan
Third Five-Year Plan
Seventh Five-Year plan
Nehru-Mahalanobis model was created as an analytical framework for India's Second Five Year Plan in 1955 by appointment of Prime Minister Jawaharlal Nehru, as India felt there was a need to introduce a formal plan model after the First Five Year Plan (1951-1956). This model is known to have set the statistical foundations for state-directed investments and created the intellectual underpinnings of the license-raj through an elaborate input-output model.
By: Munesh Kumari ProfileResourcesReport error
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