First attempt to initiate economic planning in India was
made by Sir M.Visvesvarayya, a noted engineer and politician in 1934 through
his book ‘Planned Economy For India’.
In 1938 ‘National Planning Commission’ was set-up under
the chairmanship of J.L. Nehru by the Indian National Congress. Its
recommendations could not be implemented because of the beginning of the
Second World War and changes in the Indian political situation.
In 1944 ‘Bombay Plan’ was presented by 8 leading
industrialists of Bombay.
In 1944 ‘Gandhian Plan’ was given by S. N. Agarwal.
In 1945 ‘People’s Plan’ was given by M. N. Roy.
In 1950 ‘Sarvodaya Plan’ was given by J. P. Narayan. A
few points of this plan were accepted by the Government.