Arrange these historical milestones of the Indian economy (from older to recent).
(A) Sarvodaya Plan
(B) Planned Economy for India
(C) People's Plan
(D) National Planning Committee
(E) Bombay Plan
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (B), (D), (E), (C), (A)
Before independence, several plans for India’s economic development were put forward; they are placed by the year each appeared.
(B) Planned Economy for India (1934) — the book by the engineer M. Visvesvaraya, the first outline of planning for India.
(D) National Planning Committee (1938) — set up by the Indian National Congress under the chairmanship of Jawaharlal Nehru.
(E) Bombay Plan (1944) — drawn up by leading industrialists such as J.R.D. Tata and G.D. Birla.
(C) People’s Plan (1945) — put forward by M.N. Roy, giving priority to agriculture and small industry.
(A) Sarvodaya Plan (1950) — prepared by Jayaprakash Narayan on Gandhian lines.