Bombay Plan

The Bombay Plan was a set of economic strategies proposed by Indian business leaders in the 1940s to develop India’s economy after independence. It emphasized industrialization, self-sufficiency, and government intervention to promote growth and reduce poverty. The plan advocated for large-scale public investments, infrastructure development, and protective tariffs to foster national industries. Essentially, it aimed to balance private enterprise with government planning to build a strong, self-reliant economy and improve living standards across India.