⚡ Topic 06 of 6 · Chapter 02 · Quick Revision
Key Facts, Achievements & Quick Revision
All important numbers, dates, and facts about Indian economic planning — complete quick revision for exams.
📊 Planning Commission vs NITI Aayog — Quick Reference
| Feature | Planning Commission | NITI Aayog |
|---|---|---|
| Established | March 15, 1950 | January 1, 2015 |
| Head | PM (Chairman) + Deputy Chairman | PM (Chairperson) + Vice-Chairperson |
| States’ role | Minimal | All CMs in Governing Council |
| Fund allocation | Yes | No |
| Plans | Five Year Plans | Vision Documents (15-year) |
| Approach | Top-down | Bottom-up, cooperative federalism |
📅 All Five Year Plans — Quick Reference
| Plan | Period | Focus (One Word) | Key Fact |
|---|---|---|---|
| 1st | 1951-56 | Agriculture | Harrod-Domar model; Bhakra Nangal |
| 2nd | 1956-61 | Heavy Industry | Mahalanobis model; Steel plants |
| 3rd | 1961-66 | Self-reliance | “Lame Duck” — wars & drought |
| Plan Holiday | 1966-69 | Annual Plans | Green Revolution; Rupee devaluation |
| 4th | 1969-74 | Stability | Bank nationalisation (1969) |
| 5th | 1974-79 | Poverty | Terminated early by Janata Party |
| Rolling Plan | 1978-80 | Annual | Janata Party experiment |
| 6th | 1980-85 | Poverty alleviation | IRDP; liberalisation began |
| 7th | 1985-90 | Food, Work, Productivity | Most successful plan |
| Annual Plans | 1990-92 | Annual | 1991 economic crisis |
| 8th | 1992-97 | Human Development | LPG reforms era |
| 9th | 1997-2002 | Social Justice | Kargil War; Pokhran tests |
| 10th | 2002-07 | Double digit growth | MGNREGA (2005); RTI (2005) |
| 11th | 2007-12 | Inclusive growth | Bharat Nirman; JNNURM |
| 12th | 2012-17 | Sustainable growth | Last Five Year Plan |
✅ Complete Chapter 02 Revision Checklist
✅ Planning Commission established: March 15, 1950 (Cabinet Resolution)
✅ Planning Commission = extra-constitutional body (NOT in Constitution)
✅ Chairman = PM; Deputy Chairman had Cabinet rank
✅ NDC established: August 6, 1952 — approved Five Year Plans
✅ First Five Year Plan: 1951-56 (Agriculture; Harrod-Domar model)
✅ Second Plan: Nehru-Mahalanobis model (Heavy industries)
✅ Plan Holidays: 1966-69 and 1979-80
✅ Seventh Plan: Most successful Five Year Plan
✅ Twelfth Plan: Last Five Year Plan (2012-17)
✅ Planning Commission dissolved: January 1, 2015
✅ NITI Aayog established: January 1, 2015
✅ NITI Aayog = National Institution for Transforming India
✅ NITI Aayog does NOT allocate funds to states
✅ Finance Commission = Constitutional body (Article 280)
✅ Plan vs Non-Plan distinction abolished from Budget 2017-18
✅ Planning Commission = extra-constitutional body (NOT in Constitution)
✅ Chairman = PM; Deputy Chairman had Cabinet rank
✅ NDC established: August 6, 1952 — approved Five Year Plans
✅ First Five Year Plan: 1951-56 (Agriculture; Harrod-Domar model)
✅ Second Plan: Nehru-Mahalanobis model (Heavy industries)
✅ Plan Holidays: 1966-69 and 1979-80
✅ Seventh Plan: Most successful Five Year Plan
✅ Twelfth Plan: Last Five Year Plan (2012-17)
✅ Planning Commission dissolved: January 1, 2015
✅ NITI Aayog established: January 1, 2015
✅ NITI Aayog = National Institution for Transforming India
✅ NITI Aayog does NOT allocate funds to states
✅ Finance Commission = Constitutional body (Article 280)
✅ Plan vs Non-Plan distinction abolished from Budget 2017-18