The process of planned economic development in India began with the launching of First Five Year Plan in April 1951. The main objective of planning was identified as that of initiating a process of development which will raise living standards and open out to the people new opportunities for a richer and more varied life. This book provides a detailed description and commentary on the processes and procedures of economic planning in Indian. In particular, the institutional framework for planning, mechanism of transferring resources from the Centre to the States for plan purposes and an assessment of achievements. The book also contains abridged versions of Final Plan documents from First Five Year Plan (1951-56) to Tenth Five Year Plan (2002-07). Besides, time-series data (1950-51 to 2004-05) on Indian economy has also been provided, which would be useful for a cross-section of academic community and researchers in India and abroad. It would also serve the needs of legislators, administrators, executives in industry and trade and all those interested in understanding India.