Chronologically arrange the following historical milestones and policy initiatives related to Indian economic planning and structural reforms from the earliest to the latest:
- 1Formation of the National Planning Committee under the chairmanship of Jawaharlal Nehru
- 2Introduction of the Rolling Plan concept in Indian economic planning
- 3Appointment of the Tax Reforms Committee chaired by Raja Chelliah
- 4Establishment of NITI Aayog to replace the Planning Commission
Answer
The correct chronological sequence from earliest to latest is: 1) Formation of the National Planning Committee (1938), 2) Introduction of the Rolling Plan concept (1978), 3) Appointment of the Tax Reforms Committee chaired by Raja Chelliah (1991), and 4) Establishment of NITI Aayog (2015).
The correct sequence follows the precise historical timeline of Indian planning and structural reform milestones: National Planning Committee (1938), Rolling Plan (1978), Raja Chelliah Tax Reforms Committee (1991), and NITI Aayog establishment (2015).
Step-by-Step Solution
Key Concept
Chronological Evolution of Planning History and Economic Reforms in India