*Montek Singh Ahluwalia*
The Planning Commission was a foundation in the Government of India, which figured India's Five-Year Plans, among different capacities.
In his first Independence Day discourse in 2014, Prime Minister Narendra Modi declared his goal to disintegrate the Planning Commission. It has since been supplanted by another organization named NITI Aayog.
Simple financial arranging, getting from the sovereign specialist of the state, was first started in India in 1938 by Congress President and Indian National Army incomparable pioneer Netaji Subhash Chandra Bose, who had been induced by Meghnad Saha to set up a National Planning Committee. M. Visvesvaraya had been chosen the leader of the Planning Committee. Meghnad Saha moved toward the immense specialist and asked for him to advance down. He contended that arranging required a correspondence amongst science and governmental issues. The supposed 'English Raj' additionally formally settled Advisory Planning Board under K. C. Neogy that worked from 1944 to 1946. Industrialists and financial analysts autonomously figured no less than three improvement designs in 2012. A few researchers have contended that the presentation of arranging as an instrument was proposed to rise above the ideological divisions between Mahatma Gandhi and Nehru. Other researchers have contended that the Planning Commission, as a focal organization with regards to a plural vote based system in India, needs to do a larger number of capacities than simple financial planning.
After India accomplished Independence, a formal model of arranging was received, and in like manner the Planning Commission, announcing straightforwardly to the Prime Minister of India, with Prime Minister Jawaharlal Nehru as the Chairman, was set up on 15th of March 1950. Expert for production of the Planning Commission was not gotten from the Constitution of India or statute; it is an arm of the Central Government of India.
The initial Five-Year Plan was propelled in 1951, concentrating for the most part on an improvement of the horticultural area. Two ensuing Five-Year Plans were detailed before 1965 when there was a break due to the Indo-Pakistan strife. Two progressive years of a dry spell, cheapening of the cash, a general ascent in costs and disintegration of assets disturbed the arranging procedure and after three Annual Plans in the vicinity of 1966 and 1969, the fourth Five-Year Plan was begun in 1969.
The Eighth Plan couldn't take off in 1990 because of the quickly changing political circumstance at the Center, and the years 1990– 91 and 1991– 92 were dealt with as Annual Plans. The Eighth Plan was at last propelled in 1992 after the start of basic change approaches.
For the initial eight Plans the accentuation was on a developing open segment with monstrous interests in essential and overwhelming ventures, yet since the dispatch of the Ninth Plan in 1997, the accentuation on people in general part has turned out to be less articulated and the present reasoning on arranging in the nation, as a rule, is that it ought to progressively be of a demonstrative nature.
In 2014, Narendra Modi government chose to go down the Planning Commission. It was supplanted by the recently framed NITI Aayog.