New Delhi: The story of India’s economic history is a tale of two economists—Prasanta Chandra Mahalanobis and Manmohan Singh. And two key moments stand out: the Second Five-Year Plan of 1956 ...

Mahalanobis contributed to shaping the Second Five Year Plan (1956-1961) with its ideological focus on heavy industry as the key determinant of growth. His ISI also shaped the Third Five Year Plan ...

The Second five-year plan followed the Mahalanobis model. Mahalanobis model is an economic development model upsurged by the Indian statistician, Prasanta Chandra Mahalanobis in the year 1953.

In the mid 1950s, we got the Mahalanobis Plan. It was a logical exercise and was used by many to feather their nests. By almost a religious commitment, a third of the investment was to go into ...

Today, June 29, is national ‘Statistics Day’, in ‘recognition of the contributions made by Prof. Prasanta Chandra Mahalanobis, the ‘Plan Man’ of India; it is also his birthday.

In the summer of 1915, when bombs were devastating Europe, Prasanta Chandra Mahalanobis, having completed his undergraduate studies in Cambridge with ‘the sole First Class in his physics cohort ...

In fact, the 2nd plan was nicknamed the ‘Mahalanobis Plan’, after one of its architects, renowned statistician Professor Prasanta Chandra Mahalanobis, who used resource allocation ideas from ...

But at least Mahalanobis did something similar to RCT in his economic experiments, nearly half a century before Michael Kremer, Abhijit Banerjee and Esther Duflo did so. He was the Plan Man of ...