jan 1, 1944 - Bombay Plan & Gandhian Plan 1944

Description:

Bombay Plan:
It was presented in 1944 by Eight Industrialists of Bombay viz. Mr. JRD Tata, GD Birla, Purshottamdas Thakurdas, Lala Shriram, Kasturbhai Lalbhai, AD Shroff , Ardeshir Dalal, & John Mathai working together prepared “A Brief Memorandum Outlining a Plan of Economic Development for India”.
This is known as “Bombay Plan”. This plan envisaged doubling the per capita income in 15 years and tripling the national income during this period.
Nehru did not officially accept the plan, yet many of the ideas of the plan were inculcated in other plans which came later.

Gandhian Plan:
Emphasis on the expansion of small unit production and agriculture.
Its fundamental feature was decentralisation of economic structure with self-contained villages and cottage industries.

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