The correct answer is P.C. Mahalnobis. He is known as the architect of Indian Five-Year Planning due to his important role in formulating the planning process after India gained independence in 1947. Mahalnobis founded the Indian Statistical Institute and introduced the concept of a planned economy in India, emphasizing the importance of statistical data for economic planning. His work laid the foundation for the first Five-Year Plan launched in 1951, which focused on agriculture and irrigation.
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