CBSE 2023 · Region 3 · Set 1 · Q34

Read the following text carefully :

With independence, India chose the closed economy model in pursuit of its objective of industrial self-sufficiency. As a result, industrial structure has become considerably important. In the post-independence era, the industrial growth was rapid during the first two decades, especially during the Second and Third Plan period. The Second Plan introduced ‘Industrial Revolution’ in the country. The main reasons for high rates of industrial growth witnessed during this period were due to :

(i)

Emphasis on industrialisation in economic policies.

(ii)

Making industrial growth the main objective in the industrial policy and planning.

(iii)

Huge investments being made to support capacity creation in the industrial sector.

(iv)

Growing demands for a variety of new products on the part of the urban consumers and the relatively better-off sections of the society.

(v)

Pace of economic expansion supported by domestic savings and inflow of resources from abroad.

(v)

On the basis of the given text and common understanding, answer the following questions :

(a)

State the time period of the Second Five Year Plan of India.

(b)

Who is considered as the Father of the Second Five Year Plan of India ?

(c)

Discuss briefly any two reasons behind the industrial growth during the Second and Third Five Year Plans of India.