Five-Year Plans of India

Five Year PlanFive-Year PlanEleventh Five-Year PlanFive-Year PlansFive Year PlansSecond Five Year PlanFirst Five-Year Plansecond five-year planNinth Five-Year Plan11th Five Year Plan
From 1947 to 2017, the Indian economy was premised on the concept of planning.wikipedia
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Planning Commission (India)

Planning CommissionPlanning Commission of IndiaIndian Planning Commission
This was carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission (1951-2014) and the NITI Aayog (2015-2017).
The Planning Commission (Hindi: योजना आयोग, Yojana Āyog) was an institution in the Government of India, which formulated India's Five-Year Plans, among other functions.

Gadgil formula

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.
Gadgil formula was adopted for distribution of plan assistance during Fourth and Fifth Five Year Plans.

Economy of India

Indian economyIndiaIndia's economy
From 1947 to 2017, the Indian economy was premised on the concept of planning.
Five-Year Plans of India resembled central planning in the Soviet Union.

Feldman–Mahalanobis model

The plan followed the Mahalanobis model, an economic development model developed by the Indian statistician Prasanta Chandra Mahalanobis in 1953.
Mahalanobis became essentially the key economist of India's Second Five Year Plan, becoming subject to much of India's most dramatic economic debates.

Indian Institutes of Technology

IITIITsIndian Institute of Technology
At the end of the plan period in 1956, five Indian Institutes of Technology (IITs) were started as major technical institutions.
Eventually in the 11th Five year plan, eight states were identified for establishment of new IITs and IT-BHU was converted into an IIT.

Bombay Plan

It built a particular system of mixed economy, with a great role for the public sector (with an emerging welfare state), as well as a growing private sector (represented by some personalities as those who published the Bombay Plan).
Although the Bombay Plan did not itself propose a socialist agenda, "virtually all" commentators acknowledge "that there is a direct line of continuity from the Bombay Plan of 1944-1945 to the First Five-Year Plan in 1950."

Minimum Needs Programme (India)

Minimum Needs Programme
The Minimum Needs Programme (MNP) was introduced in the first year of the Fifth Five Year Plan (1974–78).
The Minimum Needs Programme (MNP) was introduced in the first year of the Fifth Five Year Plan (1974–78), to provide certain basic minimum needs and improve the living standards of people.

Indian Statistical Institute

ISIIndian Statistical Institute (ISI)ISI Kolkata
It used the prevalent state-of-the-art techniques of operations research and optimization as well as the novel applications of statistical models developed at the Indian Statistical Institute.
The second five-year plan of India was a brainchild of Mahalanobis.

Prasanta Chandra Mahalanobis

P. C. MahalanobisChandra MahalanobisMahalanobis
The plan followed the Mahalanobis model, an economic development model developed by the Indian statistician Prasanta Chandra Mahalanobis in 1953.
His variant of Wassily Leontief's Input-output model, the Mahalanobis model, was employed in the Second Five Year Plan, which worked towards the rapid industrialisation of India and with other colleagues at his institute, he played a key role in the development of a statistical infrastructure.

Indira Gandhi

IndiraIndira GandhMrs. Indira Gandhi
At this time Indira Gandhi was the Prime Minister.
Gandhi presided over three Five-Year Plans as Prime Minister, two of which succeeded in meeting the targeted growth.

Licence Raj

license rajlicense-permit rajPermit Raj
This was the end of Nehruvian socialism.
Like a command economy, India had Five-Year Plans on the lines of the Five-Year Plans in the Soviet Union.

Garibi Hatao

The Fifth Five-Year Plan laid stress on employment, poverty alleviation (Garibi Hatao), and justice.
It was part of the 5th Five-Year Plan.

Panchayati raj

panchayatpanchayatspanchayath
In an effort to bring democracy to the grass-root level, Panchayat elections were started and the states were given more development responsibilities.
The First Five Year Plan failed to bring about active participation and involvement of the people in the Plan processes, which included Plan formulation implementation and monitoring.

Common minimum programme

common minimum programNational Common Minimum Programnational common minimum programme
Common minimum programme
*Five-Year plans of India

Planning

forethoughtplanplanned
From 1947 to 2017, the Indian economy was premised on the concept of planning.

NITI Aayog

NITI AayogNiti AyogThe NITI Aayog
This was carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission (1951-2014) and the NITI Aayog (2015-2017). The new government led by Narendra Modi, elected in 2014, has announced the dissolution of the Planning Commission, and its replacement by a think tank called the NITI Aayog (an acronym for National Institution for Transforming India).

Prime Minister of India

Prime MinisterIndian Prime MinisterPrime Ministers
At this time Indira Gandhi was the Prime Minister. 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

Dr. Montek Singh AhluwaliaMontek AhluwaliaMr Montek Singh Ahluwalia
Montek Singh Ahluwalia is the last deputy chairman of the commission (resigned on 26 May 2014).

Narendra Modi

PM Narendra ModiModiShri Narendra Modi
The new government led by Narendra Modi, elected in 2014, has announced the dissolution of the Planning Commission, and its replacement by a think tank called the NITI Aayog (an acronym for National Institution for Transforming India).

Joseph Stalin

StalinJosef StalinJosif Stalin
Joseph Stalin implemented the first Five Year Plan in the Soviet Union in 1928.

Jawaharlal Nehru

NehruPandit NehruPandit Jawaharlal Nehru
India launched its First FYP in 1951, immediately after independence, under socialist influence of the first Prime Minister, Jawaharlal Nehru. The first Indian Prime Minister, Jawaharlal Nehru, presented the First Five-Year Plan to the Parliament of India and needed urgent attention.

Mixed economy

mixed economiesmixedmixed market economy
It built a particular system of mixed economy, with a great role for the public sector (with an emerging welfare state), as well as a growing private sector (represented by some personalities as those who published the Bombay Plan).

Welfare state

welfarewelfare statessocial state
It built a particular system of mixed economy, with a great role for the public sector (with an emerging welfare state), as well as a growing private sector (represented by some personalities as those who published the Bombay Plan).

Prime minister

PMprime ministerschief minister
The first Indian Prime Minister, Jawaharlal Nehru, presented the First Five-Year Plan to the Parliament of India and needed urgent attention.

Parliament of India

ParliamentIndian ParliamentIndia's Parliament
The first Indian Prime Minister, Jawaharlal Nehru, presented the First Five-Year Plan to the Parliament of India and needed urgent attention.