Describe the historical aspect of Indian Planning.

1.	Describe the historical aspect of Indian Planning.
Answer» A 10 year plan was made in 1934 for the first time by Sir M.Visvesvaraya. He has described economic planning in his book “Planned Economy for India”. He is also called the Father of Indian planning. In 1944, eight industrialists from Mumbai came together and prepared a 15 year “Bombay Pain” which was also called “Tata Birla Plan”. Apart from this, revolutionary leader M.N.Roy created the Jana Yojna in 1944 and socialist leader Jaiprakash Narayan put forth the ‘Sarvodaya Plan’ in 1950. National Planning Committee was formed before independence in 1950 under the chairmanship of Jawahar Lai Nehru and the Planning Commission was formed in 1950. After that, the targets of five year plans, twenty year long-term plan or perspective plan were also fixed. ‘

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