The era of planned development is said to have begun with which of the

The era of planned development is said to have begun with which of the following ?

The People's Plan prepared by M.N. Roy in 1945
The Bombay Plan prepared by J.R.D. Tata and Others in 1944
The Gandhian Plan prepared by S.N. Agarwal in 1944
Five-Year Plan presented by Jawaharlal Nehru in 1951
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UPSC CISF-AC-EXE – 2022
The era of planned development in India officially began with the launch of the First Five-Year Plan in 1951 under the leadership of Prime Minister Jawaharlal Nehru. The Planning Commission was established in 1950 to formulate these plans.
– The Five-Year Plans became the framework for India’s economic development strategy for over six decades.
– The concept of centralized planning was adopted to guide the allocation of resources and achieve specific socio-economic goals.
While proposals like the Bombay Plan, People’s Plan, and Gandhian Plan existed before 1951, they were not adopted as the official basis for national planning by the government.