The lsquo Bombay Plan rsquo drafted by GD Birla and JRD Tata emphasised ........

Economic Affairs Planning in India

The ‘Bombay Plan’ drafted by GD Birla and JRD Tata emphasised.

that economy should be left to the dynamic investments by the private sector in heavy industries

that public investments should be done on socio-economic infrastructure , need of agrarian reforms and agriculture research.

annual planning

that the private sector should foot the bill for intensive and low return investments in the industrial sector

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Bombay Plan

In 1944 Eight Industrialists of Bombay including Mr. JRD Tata, GD Birla, Purshottamdas Thakurdas , Lala Shriram, kasturbhai lalbhai, AD Shroff , Ardeshir Dalal, & John Mathai working together prepared “A Brief Memorandum Outlining a Plan of Economic Development for India” which was popularly known as Bombay Plan. This plan envisaged doubling the per capita income in 15 years and tripling the national income during this period. However, the then PM did not officially accept the plan, yet many of the ideas of the plan were inculcated in other plans which came later.