Part of: Miscellaneous Indian Gk set 8

In 1950, the government set up a Planning Commission to help design and execute suitable policies for economic development. What were focused upon in the second five year plan for economic development and to create more jobs?

Category: Miscellaneous Indian Gk

Hint: Consider the economic priorities of the 1950s in India.

Correct Answer: A) Heavy industries.

Exam Relevance: UPSC, SSC, Banking, Railway

Difficulty: Moderate

Explanations:

The second five-year plan in India, launched in 1956, was a significant milestone in the country's economic development strategy. The primary focus of this plan was the development of heavy industries, which were seen as crucial for boosting economic growth and creating more jobs. This shift in focus from the first five-year plan, which emphasized agriculture, was a strategic decision to industrialize the country and lay the foundation for long-term economic development.

Heavy industries, such as steel, coal, and power, were prioritized because they were considered essential for the growth of other industries and for the overall industrialization of the country. The government believed that by investing in these sectors, it could create a robust industrial base that would support further economic development and job creation. The plan aimed to achieve this by setting up large-scale industrial projects and improving the infrastructure necessary for industrial growth.

The second five-year plan was part of a broader strategy to transform India from an agrarian economy to an industrialized one. This transformation was seen as necessary to reduce poverty, increase employment, and improve the standard of living for the population. The plan also aimed to reduce the country's dependence on imports by developing domestic industries that could produce goods previously imported from other countries.

It is important to note that while the second five-year plan focused on heavy industries, it did not completely ignore other sectors such as agriculture and the service sector. However, the primary emphasis was on heavy industries to drive the industrialization process. This focus was based on the belief that industrialization was the key to long-term economic growth and development.

Understanding the focus of the second five-year plan is crucial for comprehending the broader economic policies and strategies that have shaped India's development over the years. It highlights the importance of strategic planning and the role of government in guiding economic development through targeted industrial policies.

Option Analysis:
  • Option A: This option is correct. The second five-year plan, launched in 1956, focused on the development of heavy industries to boost economic growth and create more jobs. This plan aimed to industrialize the country by emphasizing sectors such as steel, coal, and power.
  • Option B: This option is incorrect. The first five-year plan focused on agriculture, but the second five-year plan shifted the focus to heavy industries. Agriculture was not the primary focus of the second five-year plan.
  • Option C: This option is incorrect. The service sector was not the primary focus of the second five-year plan. The plan emphasized heavy industries to boost economic growth and industrialization.
  • Option D: This option is incorrect. The second five-year plan did have a clear focus, which was heavy industries. Therefore, "None of the above" is not the correct answer.

Mnemonic: Heavy industries: H for Heavy, H for High growth

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