In which of the following years was the Planning Commission of India set up?
1950
Understanding the Planning Commission of India
The Planning Commission was a key institution in India responsible for formulating the country's Five-Year Plans and overseeing national development. It was established by a resolution of the Government of India.
Establishment Year of the Planning Commission
The question asks about the specific year in which the Planning Commission of India was set up. This is a factual question related to the history of economic planning in India.
Based on historical records and government notifications, the Planning Commission of India was established in the year 1950.
Key Information about the Planning Commission
- It was set up on March 15, 1950.
- It was established by a resolution of the Union Cabinet.
- The Prime Minister of India was the ex-officio Chairman of the Commission.
- The main objective was to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country, increasing production, and offering opportunities to all for employment in the service of the community.
- The Planning Commission played a crucial role in the era of centralized planning in India.
Over time, with changes in the economic landscape and development approach, the Planning Commission was replaced by a new body.
Replacement of the Planning Commission
The Planning Commission was dissolved in 2014 and replaced by the National Institution for Transforming India, known as NITI Aayog, from January 1, 2015.
Therefore, the correct year for the establishment of the Planning Commission of India is 1950.
Revision Table: Planning Commission Facts
| Aspect | Detail |
|---|---|
| Body | Planning Commission of India |
| Establishment Year | 1950 |
| Established By | Government of India (Cabinet Resolution) |
| Primary Role | Formulate Five-Year Plans, oversee national development |
| Replaced By | NITI Aayog (2015) |
Additional Information on Indian Planning Bodies
Economic planning in India has evolved significantly since independence. The establishment of the Planning Commission in 1950 marked the beginning of a planned economy approach aimed at rapid industrialization and poverty reduction through government intervention and allocation of resources based on national priorities set out in the Five-Year Plans. The shift to NITI Aayog reflects a move towards a more collaborative, 'think-tank' approach, involving states more closely in policy formulation and focusing on strategic long-term frameworks rather than centralized plan allocation.
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