Vol. 2, Issue 9, Part K (2016)

Abstract
A Plan of Economic Development of India popularly known as a Bombay Plan or Capitalist Plan of India formulated in 1944 by eight leading Indian industrialists, proposed state intervention in the economic development of the nation. This plan was have foremost organized character of economic planning. However it is the issue of intense debate that it was considered as a capitalist plan. Some popular economic historian show the plan as an instrument of capitalists, which were developed to counter social propaganda. Nevertheless, some other’s conclusion is related to who have complete structure regarding economic planning. They argued the plan have enough social and national elements. Due to this contradiction of thoughts it is very important to take a fresh analysis of original document. In this, try to evaluate the all prose and cones of the Bombay Plan. In this also find out the gravity of plan to effect of Indian five year planning model.