Five-Year Plans of India
Five-Year Plans of India From Janardan1234.blogspot.com, A Free Website Jump to navigation Jump to search From 1947 to 2017, the Indian economy was premised on the concept of planning . This was carried through the Five-Year Plans , developed, executed, and monitored by the Planning Commission (1951-2014) and the NITI Aayog (2015-2017). With the prime minister as the ex-officio chairman, the commission has a nominated deputy chairman, who holds the rank of a cabinet Minister. Montek Singh Ahluwalia is the last deputy chairman of the commission (resigned on 26 May 2014). The Twelfth Plan completed its term in March 2017. [1] Prior to the Fourth Plan, the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism, which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then to deter...