The National Institution for Transforming India, better known as NITI Aayog, was established via a Union Cabinet resolution on January 1, 2015. It replaced the 65-year-old Planning Commission,...
Cooperative Federalism is a constitutional and administrative concept where the Central and State governments work together to solve common problems and provide services to the citizens. In the...
Inclusive growth refers to a development strategy that ensures the benefits of economic expansion are shared across all sections of society, particularly the marginalized, while providing equal opportunities...
The Gadgil Formula was the standardized mechanism used to determine the allocation of Central Assistance for State Plans in India. Named after Dr. D.R. Gadgil, the then Deputy...
A Rolling Plan is a dynamic planning model where the targets, outlays, and duration of the plan are reviewed and revised annually based on the performance of the...
Economic planning methodologies are broadly classified based on the nature of state intervention and the role assigned to the market mechanism. In the evolution of the Indian economy,...
In the context of the Indian Economy, "Strategy of Planning" refers to the chosen path, priorities, and techniques adopted by the state to achieve long-term socio-economic goals. It...
Economic planning in India was never merely about arithmetic growth; it was a socio-economic strategy aimed at transforming a colonial, stagnant economy into a modern, self-reliant one. The...
The Five-Year Plans (FYPs) were the cornerstone of India’s economic policy from 1951 to 2017. Orchestrated by the Planning Commission, these plans were designed to transform India from...
The Planning Commission was established on March 15, 1950, through an executive resolution of the Government of India. It was a non-constitutional and non-statutory body, meaning it was...
