Practicing Success

Target Exam

CUET

Subject

Political Science

Chapter

Politics in India Since Independence: Politics of Planned Development

Question:

What did the Bombay Plan propose for India's economy?

Options:

Open economy without state control

Increased government involvement in economic investments

Limited role of the government in industrial initiatives

Complete reliance on private investors for economic growth

Correct Answer:

Increased government involvement in economic investments

Explanation:

The Bombay Plan :

The Bombay Plan was a significant economic and industrial development proposal formulated by a group of prominent Indian industrialists and big business 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.