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Who is called as the Father of Indian Planning?

ADadabhai Naoroji

BJawaharlal Nehru

CM N Roy

DM Visvesvaraya

Answer:

D. M Visvesvaraya

Read Explanation:

Progress in Economic Sector

  • The economic condition of independent India was very pathetic

  • India accepted the mixed economy consisting of the qualities of capitalist and socialist economies. It gave importance to Public Sector.

  • The concept of economic planning was borrowed from the Soviet Union.

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

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

  • The 'Father of Indian planning, M.Visvesvaraia, who authored the famous ‘Planned Economy for India' in 1934

  • Planning Commission of India came into existence on March 15, 1950, with Jawaharlal Nehru, the then Prime Minister as Chairman and Gulzarilal Nanda as Vice Chairman.

  • T.T. Krishnamachari and C.D. Desmukh were members of the commission

  • The Planning Commission adopted the Five Year Plans aiming the economic growth of the nation. The Five Year Plans started in 1951


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