30 Years of Socialism in India-

15 August 1947-

   Independence Day

6 April 1948-

   Industries (Development and Regulation )Act was announced 

26 November 1949-

   Constitution of India was passed by constituent assembly and constitution came into force on

1950s-
26 January 1950 – Republic Day

15 March 1950-

    Planning Commission was formed - Niti Ayog 

January 1951-
Indian Railway was formed as an organization after it was nationalized

31 October 1951-

     Industries (Development and Regulation )Act 
     Beginning of Licence or Permit Raj 

8 December 1951 –

      1st five year plan was presented 
      Active role of government in all economic sectors 

1953-

 Air Corporation Act
 Air transport was Nationalized 
 Air India was Nationalized 

1954-

Hindustan steel was created and in 1973 it became steel authority of India 

1956-

Life Insurance Company Act , 1956 
2nd five year plan (1956-1961)
Rapid Industralization
Industrial Policy Resolution (IPR)- More power to government machineries 
Beginning of PSUs in India  

1960s-
Arrival of green revolution in India

1961-
3rd five year plan (1961-1966) in which focus was shifted from Industrialization to Agriculture

1962-
20 October 1962-
India – China war and hence focus again got shifted from Agriculture to Defense and Indian army