CHAPTER 10
Politics of Planned Development
CHAPTER AT A GLANCE
- Eight leading industrialists of India came together in 1944 and created a plan of economic development for India. This plan is popularly called the Bombay Plan. The Bombay Plan envisioned state planning, state ownership and control of industries to make India self-sufficient. This plan was never accepted officially, but it influenced the planning in India for a long time.
- The Planning Commission was set up in 1950 as an advisory body to the Government of India. It was a non-constitutional body. Its mandate was to plan for the economic and social development of India primarily through five-year plans (as in the erstwhile USSR). Yojana Bhavan in New Delhi used to be its headquarters. ...
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