The second Five Year plan was based on
Answers
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Second Five year plan:
>> It was drafted by a team of economists under the leadership of PC Mahalenobes.
>> It was focused on heavy industries.
>> The government imposed substantial tarrifs on imports in order to protect domestic industries.
>> This helps both public and private industries to grow.
>> Such a positive push for industrialization marked development in industries life electricity, railways, steel, machinery, communication and plastic, etc.
Drawbacks of second Five year plan:
>> India was technologically backward so it had to spend a great amount of foreign exchange to buy it.
>> As this plan neglect investment in agriculture so there was a probability of food shortage.
>> Critics charge that the second and third five year plan was focused on urban matters only.
>> It was a popular demand that there should be focus on agro based industries in comparison to heavy industries.