What is mean by Bombay plan?( politics and planed development)
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The Bombay Plan is the name commonly given to a World War II-era set of proposals for the development of the post-independence economy of India. ... A key principle of the Bombay Plan was that the economy could not grow without government intervention and regulation.
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A section of big industrialists in 1944 drafted a joint proposal for setting up a planned economy in the country. It was called the Bombay Plan. It wanted the State to take major initiatives in industrial and other economic investments.
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