Courtesy Reuters

ASMALL group of influential business leaders in Bombay drew up and published in January of last year a plan for the economic development of India which may be said to have opened a new chapter in Indian economic history. This plan was originally intended for private circulation only; and the decision to publish it in pamphlet form,[i] with wide consequent publicity, came afterward. The Bombay Plan, as it is now popularly called, did not represent the opinion of the whole business community. But it claimed public attention because it set forth the considered views of some of the front-rank businessmen

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