The idea of Planning in Independent India was drawn from

The idea of planning in independent India was significantly influenced by the Bombay Plan of 1944. This plan was a joint proposal drafted by a section of big industrialists, including J.R.D. Tata and G.D. Birla, who advocated for a planned economy where the state would take major initiatives in industrial and economic investments [2]. While other visions existed, such as the Gandhian model focusing on decentralized cottage industries [4], the official strategy of India's Five-Year Plans launched after independence closely mirrored the Bombay Plan's emphasis on state-led industrialization and public sector involvement in core sectors [5]. Commentators note a direct line of continuity from the 1944-1945 Bombay Plan to the First Five-Year Plan in 1950, as both prioritized transitioning from an agrarian to an industrialized society through government intervention and regulation [5].

Sources

1. [1] Politics in India since Independence, Textbook in political science for Class XII (NCERT 2025 ed.) > Chapter 3: Politics of Planned Development > Planning Commission > p. 49
2. [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 6: Indian Economy [1947 – 2014] > Other Plans/Models: > p. 206
3. [4] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 6: Economic Planning in India > Gandhian Strategy > p. 135
4. [3] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 6: Indian Economy [1947 – 2014] > Five Year Plans > p. 223
5. [5] https://en.wikipedia.org/wiki/Bombay_Plan