The ‘Bombay Plan’ drafted by GD Birla and JRD Tata emphasized
That the economy should be left to the dynamic investments by the private sector in heavy industries
Incorrect AnswerThat state should have commanding role in economic system of country
Correct AnswerDoubling of size of economy within next five years
Incorrect AnswerThat the private sector should spend for intensive and low return investments in the industrial sector
Incorrect AnswerExplanation:
2nd option is correct.
The Bombay Plan laid great emphasis on public investment in the social and economic infrastructure, in both rural and urban areas, it emphasised the importance of agrarian reform and agricultural research, in setting up educational institutions and a modern financial system. Above all, it defined the framework for India's transition from agrarian feudalism to industrial capitalism, but capitalism that is humane, that invests in the welfare and skills of the working people.
![]()
By: Abhipedia