The idea of Planning in India was drawn from?

A- The Bombay Plan
B- Experiences of the Soviet Bloc countries
C- Experiences of NATO Bloc countries
D- Demand by Peasant Organisation

Choose the correct answer from the given options:

A and B only

The correct answer is Option 3 - A and B only

A- The Bombay Plan
B- Experiences of the Soviet Bloc countries
C- Experiences of NATO Bloc countries
D- Demand by Peasant Organisation

The Idea of Planning in India was drawn from:

(A) The Bombay Plan
(B) Experiences of the Soviet bloc countries.

In 1944 a section of the big industrialists got together and drafted a joint proposal for setting up a planned economy in India. It was called the Bombay Plan. The Bombay Plan wanted the state to take major initiatives in industrial and other economic investments.

The concept of Five-Year Plans in India was inspired by the Soviet Union's (USSR) central planning system.
Nehru was impressed with the Soviet Union's approach and believed that a similar model could be adapted to India's needs to achieve rapid economic development and reduce poverty.