Indian Economy / Development Planning
![]() |
![]() |
Planning commission of India was established in 1950 through a Cabinet resolution and it got dissolved in 2014 and was later replaced by National Institution for Transforming India (NITI) Aayog. The main functions of Planning Commission were to formulate and execute the 5 year plans. Until it got dissolved, the Planning Commission played an important role in India's development.
The functions of Planning Commission of India include