Question

In what year was the Planning Commission of India established by a resolution of the Indian Cabinet?

• A. 1947
• B. 1950
• C. 1948
• D. 1951

Answer 1

Answer:

B. 1950

Milestones in Economic Planning

• In 1938, National Planning Committee was formed under the leadership of Jawaharlal Nehru.
  

• It was followed by ‘Bombay Plan’ (1944) prepared by a group of industrialists who assembled in Bombay for the economic development of India.
  

• The ‘Peoples Plan’ prepared by the renowned social activist, M.N Roy also helped in shaping India’s planning.

• The first industrial policy (1948) formulated in independent India strengthened economic development through planning.
  

• The ‘Father of Indian planning, M. Visvesvaraia, who authored the famous ‘Planned Economy for India’ in 1934 gave clear direction to economic planning.
  

• The Indian Cabinet which met in 15^th March 1950 passed a resolution to establish the Planning Commission of India.