Question

In the context of India's freedom struggle, Bombay Plan (1944) was a draft plan on:
1. Partition of the country
2. Economic policies
3. Formation of constituent assembly
4. Foreign policy

Answer 1

Correct Answer - Option 2 : Economic policies

The correct answer is Economic policies.

• The Bombay plan:
  • It argued for comprehensive land reform, including cooperativization of production, finance, and marketing.
  • A key principle of the Bombay Plan was that the economy could not grow without government intervention and regulation.
  • Under the assumption that the fledgling Indian industries would not be able to compete in a free-market economy, the Plan proposed that the future government protect indigenous industries against foreign competition in local markets.