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Tryst with Prosperity
by Medha M Kudaisya
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4 out of 5
Creators
AuthorMedha M Kudaisya
PublisherPortfolio
SynopsisThe story of Indian business remains incomplete without the Bombay
Plan
The Tryst with Prosperity is the story of the Bombay Plan which was initiated in
1944. Eight remarkable individuals from the world of industry, like J.R.D. Tata,
Lala Shri Ram and G.D. Birla, came together and drafted this plan.
The Bombay Plan, an economic blueprint, promised to double India's per capita
income in fifteen years; envisaged a 130 per cent rise in agriculture output; a
500 per cent increase in manufacturing; and a minimum standard of living for
every individual. This plan held out the promise of partnership between the Indian
state and private enterprise. Yet, ironically, a decade later, these captains of
industry fell out with the Nehruvian establishment. Nonetheless, the indelible
imprint of the Bombay Plan was manifest in the national Five Year Plans and in
the economic trajectory of India.
Seventy-five years later, the Bombay Plan's legacy continues to be
unmistakable in the economic life of contemporary India. Rivetingly told,
business historian Medha M. Kudaisya, narrates an important chapter from the
story of Indian business.
