Give the short history of economic planning in India.

Solution

A short history of economic planning in India : Planning in India was launched on April 1,1951 ending on March 31,1956. The period of planning was fixed at five years by the Planning Commission under the chairmanship of the then Prime Minister Sh. Jawahar Lal Nehru. Since then we have completed 10 five year plans and the eleventh five year plan has been launched w.e.f. April, 2007. Of course in between the different five year plans, there have been five annual plans. But annual plans were concerned not as alternative to five year plans. There were just a stop-gap arrangements where the five year plans could not be launched due to certain unavoidable circumstances. Five year plans in India have been pursued with well-defined set of objectives. These are broadly classified into long and short period objectives.

Some More Questions From Indian Economy 1950-1990 Chapter

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Indian Economy 1950-1990

Give the short history of economic planning in India.

Some More Questions From Indian Economy 1950-1990 Chapter

How many plans have been completed in India so far?

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

Where is the provision for economic and social planning in our Constitution?

Why is agriculture called the backbone of Indian Economy?

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