What is the Bombay Plan in economics?

The Bombay Plan, published in two parts in 1944 and the following year, was scripted by top industrialists and businessmen of the time for the economic development of India. A key principle of the Bombay Plan was that the economy could not grow without government intervention and regulation. It proposed state intervention in the economic development of the nation after independence 

Further Reading:

For more details refer to Economy Syllabus and Strategy for UPSC at the linked article. 

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