Q138
Indian EconomyPlanning, Economic Reforms & Policy
The First Five Year Plan was based on the
- a.Mahalanobis model
- b.Nehru model
- c.Harrod-Domar model
- d.Gandhi model
Answer: (C) Harrod-Domar model
The First Plan (1951–56), which stressed agriculture and capital formation, was based on the Harrod–Domar growth model. The Mahalanobis model underlay the Second Plan, which made it the tempting wrong option.