Best answer: Who is known as architect of Indian planning?

Prasanta Chandra Mahalanobis (1893-1972), an Indian scientist and applied statistician, laid the framework for the formal founding of Indian economic planning.

Who is known as architect of economics?

Pandir Jawahar lal Nehru, the first prime minister of India is the architect of economic planning in India. He presented the first five year plan in 1951.

Which are associated with planning in India?

Which of the following are associated with ‘Planning’ in India? 1. The Finance Commission

  • The Finance Commission.
  • The National Development Council.
  • The Union Ministry of Rural Development.
  • The Union Ministry of Urban Development.
  • The Parliament.

Which country is called father of economic planning?

Sir M Visvesvaraya, a Bharat Ratna recipient, was an engineer, statesman, and a scholar. He served as the Diwan of Mysore during the period of 1912-1918. In 1934, he published a book titled “Planned Economy in India”, in which he presented a constructive draft of the development of India in next ten years.

Who introduced liberalization in India?

Economic liberalisation in India was initiated in 1991 by Prime Minister P. V. Narasimha Rao and his then-Finance Minister Dr. Manmohan Singh.

Is architect of Indian planning?

Prasanta Chandra Mahalanobis (1893-1972), an Indian scientist and applied statistician, laid the framework for the formal founding of Indian economic planning.

IT IS INTERESTING:  Why Hinduism is growing in Russia?

How is Indian planning done?

Resource planning in India is a process which involves the following : Identification and making a list of existing resources across the country by surveying and mapping. … Mapping resource development plans with the national development plans.

What are the techniques of Indian planning?

It involves selection choices like development of agricultural sector or industrial sector, public sector or private sector involvement, closed economy or open economy model. Indian planning strategies can be split into two phases: pre-1991 phase and post – 1991 phase.

Which five year plan is now?

The Five-Year Plans were laid to rest by the Narendra Modi-led NDA government in 2015. Hence, the 12th five-year plan is considered the last five-year plan of India. The decades-old Five-Year Plans was replaced by a three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document.

Contradictory India