'A Plan of Economic Development for India', which was prepared by a cross-section India's leading capitalists in 1944, was popularly known as the _____ Plan.

Bombay

The correct answer is Option 4- Bombay

The plan of economic development for India prepared by a cross-section of India's leading capitalists in 1944 was popularly known as the Bombay Plan.

It was drafted by a group of eight industrialists, including J.R.D. Tata, G.D. Birla, and Sir Purshottamdas Thakurdas. The plan called for a massive investment in heavy industry and infrastructure in order to achieve rapid economic growth. It also emphasized the need for government intervention to protect domestic industries from foreign competition.

The Bombay Plan was one of the first major attempts to formulate a comprehensive plan for India's economic development. It had a significant impact on the thinking of Indian policymakers after independence. The First Five-Year Plan, which was launched in 1951, drew heavily on the Bombay Plan.