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    The first attempt at systematic planning in India was made by Sh. M. Visvesvarya when he published in 1934, his book Planned Economy for India. Three years later, in 1973, the Indian National Congress set up the National Planning Committee (under the chairmanship of Pt. Jawaharlal Nehru) which submitted its reports as late as 1948, since the Second World War and abnormal political developments in the country supervened. In the meantime, eight leading Bombay industrialists came out