The Bombay Plan proposed an active role for the state in which of the following field?
1) Cultural development
2) Social welfare
3) Industrial and economic development
4) Environmental conservation

Choose the correct answer from the given options:

3

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.