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Indian Economy 1950-1990

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Question

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What do you mean by economic planning?

Solution

Economic planning means utilising of capital's resources in different development authorities in accordance with national priorities.

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Question

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In India who is the chair person of Planning Commission?

Solution

In India, Prime Minister is the chair person of Planning Commission.

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Who formulate plans in India?

Solution

Planning Commission formulates plans in India.

Question

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Who floated the idea of planning in India first of all?

Solution

P.C. Mahalanobis floated the idea of planning in India first of all.

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