Consider the following statements in context with India’s planning experience:
- A planning in the sense of formal projections on the basis of the certain sets of assumptions started only in the Second Fiver Year Plan in India
- The Theoretical assumptions in the second Fiver year plan were provided by Mahalanobis Model of growth
- The Mahalanobis Model of growth incorporates the possibilities opened up by the Foreign Trade
Which among the above statements is / are correct ?