Second Five Year Plan (1956-1961)

The second plan stressed on heavy industries and it was drafted by a team of economists and planners under the strong leadership of P.C. Mahalanobis. Contrary to the patience preached in first plan, second plan aspired to bring about quick structural transformation by making changes in all possible directions. IN 1955 the Congress party passed a resolution in Avadi near Madras before finalization of the draft of the second plan and declared its goal of "Socialist pattern of society". This was visible in Second Plan document. The government imposed substantial tariffs on imports to protect domestic industries, which helped them to grow. Savings and investments were growing, bulk of these industries like electricity, railways, steel, machineries and communication were to be developed in the public sectors. The push for industrialization marked a turning point in India development.