Question

what was bombay plan? ​

Answer 1

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. The plan, published in 1944/1945 by eight leading Indian industrialists, proposed state intervention in the economic development of the nation after independence from the United Kingdom (which took place in 1947).

Titled A Brief Memorandum Outlining a Plan of Economic Development for India, the signatories of the Plan were

Answer 2

Bombay Plan:

• The process of rebuilding economy earned a good deal of public support in 1940s and 1950s. A section of big Industrialists came together in 1944 and drafted a joint proposal for setting up a planned economy.
• It was called the Bombay plan.
• It wanted the state to take major initiatives in industrial and other economic investments.
• Thus, planning for development was most obvious choice in India that resulted in the formation of planning commission of India with prime minister as it's chairperson.