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Five-Year Plans of India. 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 ...
12th Five Year Plan of the Government of India (2012–17) was India's last Five Year Plan. [1] With the deteriorating global situation, the Deputy Chairman of the Planning Commission Mr Montek Singh Ahluwalia has said that achieving an average growth rate of 8 per cent in the next five years is not possible. The final growth target has been ...
The Feldman–Mahalanobis model is a Marxist model of economic development, created independently by Soviet economist Grigory Feldman in 1928 [1] and Indian statistician Prasanta Chandra Mahalanobis in 1953. [2] Mahalanobis became essentially the key economist of India 's Second Five Year Plan, becoming subject to much of India's most dramatic ...
The Gadgil formula is named after Dhananjay Ramchandra Gadgil, a social scientist and the first critic of Indian planning. It was evolved in 1969 for determining the allocation of central assistance for state plans in India. Gadgil formula was adopted for distribution of plan assistance during Fourth and Fifth Five Year Plans.
Website. planningcommission.gov.in. The Planning Commission was an institution in the Government of India which formulated India's Five-Year Plans, among other functions. In his first Independence Day speech in 2014, Prime Minister Narendra Modi announced his intention to dissolve the Planning Commission. It has since been replaced by a new ...
Atmanirbhar Bharat[a], which translates to 'self-reliant India',[8]is a phrase the Prime Minister of India Narendra Modiand his governmentused and popularised in relation to the country's economic development plans. The phrase is an umbrella conceptfor the Modi government's plans for India to play a larger role in the world economy, and for it ...
Five-Year Plans of India resembled central planning in the Soviet Union. Steel, mining, machine tools, telecommunications, insurance, and power plants, among other industries, were effectively nationalised in the mid-1950s. [209] The Indian economy of this period is characterised as Dirigism. [99] [210] Change in per capita GDP of India, 1820 ...
Bombay Plan. The Bombay Plan is the name commonly given to a World War II -era set of Import substitution industrialization -based proposals for the development of the post-independence economy of India. The plan, published in 1944/1945 by eight leading Indian industrialists, proposed state intervention in the economic development of the nation ...