The Complete Indian Economy Dates Timeline (1947-2026)

“When was NITI Aayog formed?” “When was the Great Leap Forward in China?” In Part B of Economics, dates are crucial. A wrong year means a wrong answer.

Stop flipping through 10 chapters. Here is the Master Timeline of every single important date in the NCERT syllabus, arranged chronologically.

Phase 1: Pre-Reform Era (1947-1990)

• 1947: Independence of India.
• 1948: First Industrial Policy Resolution (IPR).
• 1950: Planning Commission Established.
• 1951: First Five Year Plan launched.
• 1956: IPR 1956 (Classified industries into Schedule A, B, C).
• 1966: Green Revolution introduced (High Yielding Variety seeds).
• 1969: Nationalisation of 14 Major Commercial Banks.
• 1974: Study group formed by Planning Commission for Poverty.
• 1982: NABARD established (Apex bank for rural credit).

Phase 2: Neighbors (China & Pakistan)

• 1949: People’s Republic of China established.
• 1953: First Five Year Plan in China.
• 1956: First Five Year Plan in Pakistan.
• 1958: Great Leap Forward (GLF) campaign in China.
• 1965: Great Proletarian Cultural Revolution (China).
• 1978: Economic Reforms introduced in China (Open Door Policy).
• 1979: One Child Policy introduced in China.
• 1988: Economic Reforms introduced in Pakistan.

Phase 3: The Reform Era (1991 Onwards)

• 1991: New Economic Policy (LPG) announced.
• 1995: WTO (World Trade Organization) established (Successor to GATT).
• 2000: Pradhan Mantri Gram Sadak Yojana (PMGSY).
• 2005: MGNREGA Act passed (Guarantee of 100 days wage employment).
• 2009: Right to Education Act.
• 2014: Pradhan Mantri Jan Dhan Yojana (PMJDY).
• 2015: Planning Commission replaced by NITI Aayog.
• 2016: Demonetisation (Nov 8).
• 2017: GST (Goods and Services Tax) implemented (July 1).

How to Use This Timeline?

1. Print It: Stick it on your wall.
2. Color Code: Highlight “India” in Blue, “China” in Red, and “Pakistan” in Green.
3. Quiz Yourself: Cover the “Year” column and try to guess the event.

[Conclusion] Dates are easy marks if you know the sequence. Save this page for your morning revision on exam day.

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