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๐ฎ๐ณ Indian Economy
Five Year Plans & NITI Aayog
Soviet-inspired planning from 1951โ2017; replaced by NITI Aayog and Viksit Bharat @2047 vision
India ๐ฎ๐ณ 1951 Indian Economy
Key Facts
- 1
First Five Year Plan (1951โ56): focus on agriculture and irrigation; Bhakra-Nangal Dam
- 2
12 Five Year Plans (1951โ2017); Mahalanobis model (2nd Plan) emphasised heavy industry
- 3
NITI Aayog (2015): replaces Planning Commission; think tank not a fund-allocating body; Viksit Bharat @2047 target
๐ Did you know? Planning Commission chairman was always the Prime Minister; abolished by Modi government in 2015 and replaced by NITI Aayog
Quick Reference
Category
Indian Economy
Country
๐ฎ๐ณ India
Year / Era
1951
About
Soviet-inspired planning from 1951โ2017