Write a short note on discuss the genesis of planning in India.

The genesis of planning in India can be traced back to the interwar period, marked by the economic challenges faced by colonial India and the intellectual ferment surrounding economic policy discussions globally. The colonial government's response to the economic crisis during the Great Depression laid the groundwork for the initiation of planning in India.

The Bombay Plan (1944) proposed by leading industrialists highlighted the need for planned economic development and industrialization in post-independence India. Following independence in 1947, the Indian government adopted a planned approach to economic development, influenced by socialist ideals and the desire to address socio-economic disparities.

The Planning Commission was established in 1950 to formulate Five-Year Plans, which aimed to promote balanced growth, eradicate poverty, and achieve self-sufficiency. Inspired by the Soviet model of central planning, these plans focused on key sectors such as agriculture, industry, infrastructure, and social welfare.

The genesis of planning in India thus reflects a combination of historical circumstances, economic challenges, and ideological influences, culminating in a concerted effort to chart a path towards inclusive and sustainable development.