Arrange the following planning-related developments in the correct chronological order:
A. Formation of the Planning Commission
B. Bombay Plan
C. NITI Aayog came into existence
D. Third Five Year Plan
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → B, A, D, C
(B) Bombay Plan — 1944.
(A) Formation of the Planning Commission — March 1950.
(D) Third Five Year Plan — 1961.
(C) NITI Aayog came into existence — 1 January 2015.
NCERT (2025-26): “Planning … Thus the Planning Commission was not a sudden invention. In fact, it has a very interesting history. We commonly assume that private investors, such as industrialists and big business entrepreneurs, are averse to ideas of planning: they seek an open economy without any state control in the flow of capital. That was not what happened here. Rather, a section of the big industrialists got together in 1944 and drafted a joint proposal for setting up a planned economy in the country. It was called the Bombay Plan. The Bombay Plan wanted the state to take major initiatives in industrial and other economic investments. Thus, from left to right, planning for development was the most obvious choice for the country after Independence. Soon after India became independent, the Planning Commission came into being.… The Early Initiatives … The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country. People from all walks of life – academics, journalists, government and private sector employees, industrialists, farmers, politicians etc. – discussed and debated the documents extensively. The excitement with planning reached its peak with the launching of the Second Five Year Plan in 1956 and continued somewhat till the Third Five Year Plan in 1961.…”
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