What is present system of the formulation of the plan?

d.eandeconomicreform
cbse

#1

(i)The Planning Commission in India was established on March 15, 1950.
In the composition of Planning Commission, Prime Minister of India, Chief ministers of all the states and the members of the planning commission are included.
(ii) Planning Commission formulates economic planning but the National Development Council finally approves the draft of plan in India.
(iii) National Development Council comprises of the representatives of both the central and = state governments.