Brief Memorandum Outlining a Plan of Economic Development for India Part I

Abstract

Thakurdas’s Economic Development Plan presents an early and influential framework for India’s post-war economic transformation. Aiming to double per capita income within fifteen years, the plan emphasizes large-scale expansion in agriculture, industry, power, and infrastructure, supported by strong central coordination and comprehensive financial mobilization. Alongside industrial growth, it stresses social welfare, education, and minimum living standards as integral to development. The memorandum serves as a foundational vision for balanced, self-reliant, and equitable economic growth in India.