Planning Commission

Planning Commission of India was set up in 1950 by a Resolution of the Government of India for a rapid transformation of Indian Economy after Independence and improve living standard by productive exploitation of the country’s resources. It formulated five year plans for improving Economic Growth, Equity and Social Justice.

Functions

• Specify the factors that hamper economic development.
• Make an evaluation of the capital, material and the human resources of the nation, including technical personnel, and study the possibilities of enhancing these resources for building up the nation.
• Draft a Plan for the most balanced and effective usage of the country’s resources.
• Define ....