Planning Commission of India Establishment

The Planning Commission of India was a body responsible for formulating India's Five-Year Plans and overseeing socio-economic development. It was created shortly after India gained independence.

Understanding the history of Indian planning requires knowing when this key institution was set up. The establishment of the Planning Commission was a significant step towards structured economic planning in the country.

Based on historical records, the Planning Commission was established by a resolution of the Government of India. This occurred in the year 1950.

Let's look at the given options:

• 1966
• 1955
• 1947
• 1950

Comparing the historical fact with the given options, the year 1950 is when the Planning Commission of India was established.

The first Chairman of the Planning Commission was the then Prime Minister, Jawaharlal Nehru.

The Planning Commission was later replaced by the NITI Aayog in 2015.

Therefore, the correct year for the establishment of the Planning Commission of India is 1950.