Which among the following suggestions were put forward by the Bombay Plan?
(1) The private industrialists must come forward and initiate economic investment
(2) The state must take major initiatives in industrial and other economic investments
(3) The Planning Commissions are inefficient and they should not be established
(4) The American model of capitalism must be established

2

The Bombay Plan, which was put forward by a group of influential industrialists in 1944, suggested that the state must take major initiatives in industrial and other economic investments

The Bombay Plan was a significant economic and industrial development proposal formulated by prominent Indian industrialists and big entrepreneurs in 1944. The Bombay Plan emphasized the need for a planned economy with an active role for the state in industrial and economic development. It proposed measures such as the expansion of key industries, the promotion of domestic capital investment, the establishment of public sector enterprises, and the development of infrastructure.