Build the idea
Build exam-ready understanding by connecting the core idea, formulas or facts, worked example and previous NDA questions. Focus on why each rule works, then test it under timed conditions.
Concept
India adopted Five Year Plans (from 1951) to achieve planned economic development, formerly through the Planning Commission. Since 2015, NITI Aayog has replaced it as the apex policy think-tank.
The plans set targets for growth, industry and poverty reduction.
Key Points & Formulas
- First Five Year Plan (1951–56) focused on agriculture (Harrod–Domar model).
- Second Plan (Mahalanobis model) emphasised heavy industry.
- Planning Commission was set up in 1950; replaced by NITI Aayog in 2015.
- Twelfth Plan (2012–17) was the last Five Year Plan.
Worked Example
Q. Which body replaced the Planning Commission and when?
The Planning Commission oversaw the Five Year Plans.
In 2015 it was replaced by NITI Aayog (National Institution for Transforming India).
NITI Aayog now serves as the government's policy think-tank.
