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Difficulty: Very hardEconomic Planning History, NITI Aayog, and Structural Reforms

Chronologically arrange the following historical committees, policy initiatives, and institutional developments in Indian economic planning and structural reforms, from the earliest to the latest:

  1. 1Constitution of the P. C. Mahalanobis Committee on Income Distribution and Levels of Living
  2. 2Launch of the original Twenty Point Programme (TPP) for socio-economic welfare and rural poverty alleviation
  3. 3Appointment of the Sukhamoy Chakravarty Committee to Review the Working of the Monetary System
  4. 4Submission of the C. Rangarajan Committee Report on Disinvestment of Shares in Public Sector Enterprises
  5. 5Release of NITI Aayog's Three-Year Action Agenda (2017–18 to 2019–20)

Answer

The correct chronological order from earliest to latest is: (1) Constitution of the P. C. Mahalanobis Committee on Income Distribution (October 1960), (2) Launch of the original Twenty Point Programme (July 1975), (3) Appointment of the Sukhamoy Chakravarty Committee to Review the Working of the Monetary System (December 1982), (4) Submission of the C. Rangarajan Committee Report on Disinvestment of Shares in Public Sector Enterprises (April 1993), and (5) Release of NITI Aayog's Three-Year Action Agenda (August 2017).
The correct sequence chronologically traces key stages of economic governance in India: the P. C. Mahalanobis Committee on Income Distribution (October 1960), the Twenty Point Programme (July 1975), the Sukhamoy Chakravarty Monetary Committee (December 1982), the C. Rangarajan PSE Disinvestment Report (April 1993), and NITI Aayog's Three-Year Action Agenda (August 2017).

Step-by-Step Solution

1
Determine the date of the P. C. Mahalanobis Committee on Income Distribution and Levels of Living.
Established in October 1960.
This represents the earliest planning milestone among the given items, formed post-Second Five-Year Plan.
2
Determine the date of the original Twenty Point Programme launch.
Launched in July 1975.
It was launched during the Fifth Five-Year Plan to target poverty and social welfare.
3
Determine the date of the Sukhamoy Chakravarty Committee appointment.
Appointed in December 1982.
This landmark RBI monetary committee preceded the 1991 structural reforms.
4
Determine the date of the C. Rangarajan Committee Report on Disinvestment.
Submitted in April 1993.
It was set up in the early phase of post-1991 structural reforms to guide public enterprise disinvestment.
5
Determine the date of NITI Aayog's Three-Year Action Agenda release.
Released in August 2017.
This is the most recent initiative, marking the replacement of traditional Five-Year Plans.

Key Concept

Chronology of Economic Planning History, Monetary and Structural Reforms, and NITI Aayog Framework
Estimated Time:2m 30s
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Topics

Economic Planning History, NITI Aayog, and Structural Reforms