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Q147 (IAS/2010) History & Culture › National Movement (1857–1947) › Indian National Congress Answer Verified

Consider the following statements : 1. The 'Bombay Manifesto' signed in 1936 openly opposed the preaching of socialist ideals. 2. It evoked support from a large section of business community from all across India. Which of the statements given above is/are correct ?

Result
Your answer: —  ·  Correct: C
Explanation

The “Bombay Manifesto” was a statement issued by twenty-one businessmen in 1936 and was explicitly critical of the growing advocacy of socialism within Congress, reacting to Nehru’s public endorsement of socialist remedies for poverty—thus indicating opposition to the preaching of socialist ideals [1]. The document and its signatories represented a business backlash; contemporaneous responses record that merchants (notably the Indian Merchants’ Chamber) and prominent commercial interests rallied around the manifesto, demonstrating substantial support from the business community beyond the immediate group of signatories. Together these sources show the manifesto both opposed socialist preaching and attracted backing from a broad section of business opinion.

Sources

  1. [1] https://resolve.cambridge.org/core/services/aop-cambridge-core/content/view/B52C8B42A819759A3D4C4485C9518CC1/9780511563331apx11_p206-206_CBO.pdf/bombay_manifesto_of_twentyone_businessmen.pdf
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