Question
Download Solution PDFTask Force on “Projections of Minimum Needs and Effective Consumption Demand” which was headed by Dr. Y K. Alagh was constituted in the year ______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 1977.
Key Points
- The Task Force on "Projections of Minimum Needs and Effective Consumption Demand" was constituted in the year 1977.
- It was headed by Dr. Y K. Alagh.
- The Task Force was focused on projecting the minimum needs and effective consumption demand in the country.
- The formation of such a Task Force was aimed at addressing essential needs and consumption patterns for effective policy-making.
- This initiative was part of broader efforts to improve economic planning and resource allocation in India.
Additional Information
- Planning Commission of India
- The Planning Commission was an institution in the Government of India, which formulated India's Five-Year Plans, among other functions.
- It was established in 1950 and was replaced by the NITI Aayog in 2015.
- Five-Year Plans
- The Five-Year Plans were centralized and integrated national economic programs.
- India's first Five-Year Plan was launched in 1951, and the Twelfth was the last, spanning 2012-2017.
- Dr. Y K. Alagh
- Dr. Yoginder K. Alagh is an Indian economist and former Union Minister.
- He has been involved in various economic planning and policy-making roles in India.
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