In his presidential address at the 51st Sessions of the Indian National Congress held at Haripura in February 1938, Subhas Chandra Bose spelt out his ideas about economic planning and industrialization of Free India, “The very first thing which our future National Government will have to do, would be to set up a Commission for drawing up a comprehensive plan of reconstruction.” Bose wanted that on the advise of the National Planning Commission, State would adopt a comprehensive scheme for gradually socializing our entire agricultural and industrial system in the spheres of both production and distribution. He also spoke about abolition of landlordism and liquidation of agricultural indebtedness. Subhas Chandra Bose constituted a Planning Committee under the Chairmanship of Jawaharlal Nehru for rapid industrialization of India on modern lines in consideration of the latter’s close relationship with Mahatma Gandhi, who was not in favour of Industrialisation Programme
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