Economic Planning in India - Short Trick

1. 1Visvesvaraya — Planned Economy for India1934 — M Visvesvaraya, the first attempt at planning
2. 2Committee — National Planning Committee1938 — set up by the Congress under Jawaharlal Nehru · heavy industry and land reform · stopped by the Second World War
3. 3Bombay Plan1944 — eight industrialists of Bombay (JRD Tata, GD Birla and others) · textiles and consumer industry, yet a big role for the state
4. 4Gandhian Plan1944 — Acharya Shriman Narayan Agarwal
5. 5People’s Plan1945 — MN Roy
6. 6Sarvodaya Plan1950 — Jai Prakash Narayan, some ideas accepted by the government

Two opposite ways of thinking in 1944 — the industrialists’ Bombay Plan and Shriman Narayan’s Gandhian Plan.

1. 1Planning Commission15 March 1950 — chaired by Nehru, by executive order
2. 2National Development Council (NDC)1952 — by executive order of the Union Cabinet, approved the Plans
3. 3NITI Aayog1 January 2015 — replaced the Planning Commission

None of the three is constitutional or statutory — all are advisory · the Prime Minister chairs them · 12 Five Year Plans (1951–2017).