(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. 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.

Question

Accepted Answer

Based on the passage about India's industrial policy:

(i) **Emphasis on industrialisation in economic policies:** India's economic policies post-independence heavily emphasized industrialization as a means to achieve self-sufficiency and economic growth. The government adopted a mixed economy model with significant public sector participation.

(ii) **Making industrial growth the main objective:** Industrial policy and planning made industrial growth the primary objective, with focus on developing heavy industries, capital goods industries, and manufacturing sectors to reduce dependence on imports.

(iii) **Huge investments to support capacity creation:** The government invested heavily in public sector enterprises to build industrial capacity, create employment opportunities, and develop infrastructure needed for industrial growth.