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Question

Difficulty: MediumEconomic Planning History, NITI Aayog, and Structural Reforms

Arrange the following key historical milestones associated with economic planning and institutional evolution in India in correct chronological sequence from earliest to latest:

  1. 1Publication of 'Planned Economy for India' by Sir M. Visvesvaraya proposing a 10-year plan
  2. 2Setting up of the National Planning Committee under the chairmanship of Jawaharlal Nehru
  3. 3Establishment of the National Development Council (NDC) to review five-year plan operationalisation
  4. 4Cabinet Resolution establishing NITI Aayog to replace the Planning Commission of India

Answer

The correct chronological sequence from earliest to latest is: Visvesvaraya Plan publication (1934), National Planning Committee constitution (1938), National Development Council establishment (1952), and NITI Aayog creation (2015).
The correct order follows the historical timeline: the Visvesvaraya Plan (1934), followed by the National Planning Committee (1938), the National Development Council (1952), and finally NITI Aayog (2015).

Step-by-Step Solution

1
Identify the year of Sir M. Visvesvaraya's economic planning proposal
Sir M. Visvesvaraya published 'Planned Economy for India' in 1934.
Establishes the earliest historical landmark for formal economic planning proposals in British India.
2
Determine the formation year of the National Planning Committee
The National Planning Committee was set up under Jawaharlal Nehru's chairmanship in 1938.
Ranks second as a major pre-independence planning initiative organized by the Indian National Congress.
3
Identify the creation year of the National Development Council (NDC)
The NDC was set up by an executive resolution on August 6, 1952.
Follows post-independence institutional developments after the 1950 creation of the Planning Commission.
4
Identify the establishment date of NITI Aayog
NITI Aayog was instituted via a Union Cabinet Resolution on January 1, 2015.
Marks the most recent structural shift in Indian economic governance and think-tank advisory mechanisms.

Key Concept

Historical progression of economic planning proposals and institutional mechanisms in India
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Topics

Economic Planning History, NITI Aayog, and Structural Reforms