Sir Mokshagundam Visvesvaraya is known as the Father of Indian Economic Planning. The first five year plan was presented in the parliament by Prime Minister Jawaharlal Nehru in December 1951.
Who is regarded as father of economic planning in India?
Subhas Chandra Bose was the father of economic planning in India. 7.
Which type of body is Planning Commission?
The Planning Commission is a non-constitutional and non-statutory body and is responsible for formulation of five years plan for social and economic development in India.
Who is known as father of planning?
Father of Indian Economic Planning is Mokshagundam Vishweswaraiah better known as M. Vishweswaraiah.
Which is the first in planning?
Establishing the objectives is the first step in planning. Plans are prepared with a view to achieve certain goals. Hence, establishing the objectives is an important step in the process of planning. Plans should reflect the enterprise’s objectives.
Who was the father of economic planning?
Early Life Of Adam Smith
Adam Smith was an 18th-century Scottish economist, philosopher, and author, and is considered the father of modern economics.
Who is the founder of economic 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 father of Blue Revolution?
Hiralal Chaudhuri and Dr. Arun Krishnsnan known as Father of Blue revolution.
What is Mahalanobis plan?
Mahalanobis became essentially the key economist of India’s Second Five Year Plan, becoming subject to much of India’s most dramatic economic debates. … The essence of the model is a shift in the pattern of industrial investment towards building up a domestic consumption goods sector.