When was the Planning Commission of India established?

The correct answer is 1950.

The Planning Commission was an apex body established by a Government of India resolution in 1950, under the chairmanship of Prime Minister Jawaharlal Nehru. It was a non-constitutional and non-statutory body. Its purpose was to guide India’s economic development through structured Five-Year Plans. Its responsibilities included:

• Assessing national resources (natural, financial, and human).
• Formulating plans and setting developmental priorities.
• Allocating resources for different sectors and ministries.
• Monitoring plan implementation and making mid-course corrections.
• Advising the government on policy matters concerning development.
• In essence, the Commission worked as the chief architect of India’s post-independence economic strategy.