Question

 

 Discuss the main elements of Nehru-Mahalanobis strategy of development. Give its principal achievements and shortcomings.

16 Nov 2025
Answer :
Word Count : 944
The Nehru-Mahalanobis strategy of development, formulated in the early 1950s, was a cornerstone of India’s post-independence economic policy framework. Named after Prime Minister Jawaharlal Nehru, who championed industrialization, and P.C. Mahalanobis, whose statistical models underpinned planning decisions, the strategy was implemented through the First and Second Five-Year Plans, focusing on a long-term vision for self-reliant and industrially advanced India. The central objective was rapid industrialization, especially in the capital goods sector, which was believed to create the necessary foundation for sustained economic growth. The main elements of the Nehru-Mahalanobis strategy revolved around three critical aspects. Firstly, the strategy emphasized heavy and basic industries such as steel, machinery, and cement. These sectors were considered vital for building the infrastructure of a modern industrial economy. By promoting large-scale production in capital goods, the plan aimed to generate backward and forward linkages in the economy, thereby stimulating other sectors like agriculture, transport, and consumer goods. Secondly, the strategy adopted a _________ _______ _____ _____ ______ _______ ____ ________ _______.
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