Question : In the context of modern Indian history, the expression Bombay Plan (1944) was a proposal on:
Option 1: economic development
Option 2: Panchayati Raj
Option 3: transfer of power
Option 4: administrative reorganisation
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Correct Answer: economic development
Solution : The correct answer is economic development .
The "Bombay Plan" was a unique economic plan created by a group of business leaders and experts in January 1944 for India. At first, it was just shared privately among a few people. However, due to the growing interest in it, the plan was later published as a pamphlet. Influential industrialists like J. R. D. Tata and G. D. Birla, along with some economists, worked on this plan. The Bombay Plan suggested that the government should play a significant role in managing the economy and proposed the establishment of a central planning authority.
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