Various Industrialists came together in 1944 and drafted a joint proposal for setting up a planned economy in India. It is famously known as the ___________ Plan.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Bombay.
- The Bombay Plan was an economic plan for India proposed by a group of industrialists and technocrats in January 1944.
- The Bombay Plan touched most of the important areas of economy and infrastructure such as transport and communication, railways, roads, shipping, education, sources of finance, needs of consumers, distribution of the national income, full employment etc.
- It also recognized the role of the State and its need based intervention in the economic affairs of the country.