Question : The 'Bombay Plan' was a set of proposals for India's economic development presented by:
Option 1: Businessmen and industrialists
Option 2: Politicians and bureaucrats
Option 3: Social reformers and activists
Option 4: Farmers and labor unions
Correct Answer: Businessmen and industrialists
Solution : The correct answer is (a) businessmen and industrialists.
It was put forth by a group of leading industrialists and economists from Bombay (now Mumbai) in 1944. The plan aimed to outline a comprehensive strategy for industrialization, infrastructure development, and economic growth in post-independence India. The key proponents of the Bombay Plan included prominent industrialists such as J.R.D. Tata, G.D. Birla, and A.D. Shroff, who sought to shape India's economic policies and promote industrialization in the country.