The Mahalanobis Model, which formed the mathematical foundation of India's Second Five Year Plan (1956-61), prioritized the rapid development of the consumer goods and textile industries.

Answer: False

The Mahalanobis strategy actually prioritized the rapid development of the *capital goods* and heavy industries (like steel, machinery, and power). The logic was that building a strong domestic capital goods base would eventually enable the mass production of consumer goods, ensuring long-term self-reliance and industrialization, albeit at the cost of short-term consumer shortages.