Second Five-Year Plan of India

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The Second Five-Year Plan of India was a national economic program (1956–1961) that emphasized rapid industrialization and the development of heavy industries under a socialist-inspired, state-led growth strategy.

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Statements (47)

Predicate Object
instanceOf Five-year plan of India
national economic plan
aimedAt expanding industrial employment
raising rate of economic growth
reducing dependence on imports of capital goods
strengthening public sector enterprises
approvedBy Parliament of India NERFINISHED
associatedWith P. C. Mahalanobis NERFINISHED
chairpersonOfPlanningBodyAtAdoption Jawaharlal Nehru NERFINISHED
coordinatedBy Planning Commission of India NERFINISHED
country India
currencyUsed Indian rupee NERFINISHED
documentType Five-Year Plan document
economicModel Mahalanobis model NERFINISHED
economicStrategy state-led growth
economicSystem mixed economy
endTime 1961
followedBy Third Five-Year Plan of India NERFINISHED
follows First Five-Year Plan of India NERFINISHED
goal increasing national income
laying foundations for self-reliant industrial base
promoting socialistic pattern of society
hasLanguage English
Hindi
historicalEra post-independence India
implementedBy Government of India NERFINISHED
implementedUnderLeader Prime Minister Jawaharlal Nehru NERFINISHED
includedPolicy development of infrastructure
expansion of public sector undertakings
investment in basic and heavy industries
promotion of small and cottage industries
inspiredBy socialist economic ideas
location Republic of India NERFINISHED
mainFocus development of heavy industries
rapid industrialization
partOf Planned economy of India NERFINISHED
policyOrientation centralized economic planning
import substitution industrialization
prioritySector heavy industry
machine-building industry
power generation
public sector
steel industry
transport and communications
sectoralEmphasis industry over agriculture
startTime 1956
timePeriod Second Five-Year Plan period

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Planning Commission of India notableWork Second Five-Year Plan of India