Summary: The recommendations effective from April 1965 led to a period of prosperity during the outbreak of World War I, with the Chairman of the Tata Iron & Steel Co. boasting bumper earnings, increased production exceeding original design, lower costs, ready markets, and a full order book. Dividends for shareholders increased consistently, along with managing agents' remuneration. The growth of industries in India saw profits and retained earnings rising from 1960-1965, with dividends linked to total paid-up capital. The Lucknow Session of 1936 marked a shift toward socialism. The state sector, as envisioned in the Karachi resolution, aimed for economic reconstruction, but progress was slow due to bureaucratic control. The growth of industries, especially in sectors like tea, was riddled with worker exploitation, as highlighted by advocates like Krishna Kumar Mitra and movements against oppression. Foreign investments, including those from the US, influenced development patterns in India, with the emphasis shifting from state to private enterprise under American influence. Monopoly groups like the Tata and Birla conglomerates wielded significant economic power, highlighting the need for socialization and accountability in corporate governance. Plans like the Third Five-Year Plan faced challenges from crises like war and drought, impacting agricultural outputs and national income. Growth of industries, like tea and steel in the state sector, required strategic collaboration and financial support, leading to increased assets and profits but also highlighting wage disparities and worker hardships.