Question

Explain the development of iron and steel industry during initial phases of Five Year Plans in India.

Answer 1

Answer:

1) The focus of the Second Plan was rapid industrialization, especially the development of heavy industries and capital goods, like iron, steel, chemicals, etc.

2)And the machine building industries. Professor Mahalanobis developed the plan.

3)The primary goal of the Third arrange was to ascertain India as a autonomous and a self-generating economy.

4)However, the Second arrange had slowed the speed of growth of agricultural production within the country that restricted India’s economic development.

5)The Third arrange enclosed agricultural development mutually of its objectives to realize balanced, regional development