12 May – Congress Working Committee adopted a resolution for social control of banks, nationalization of general insurance, removal of princes privileges.[2]
13 May – Zakir Husain becomes the first Muslim to become president of India.
27 May – Guerrilla War: Beginning with a peasant uprising in the town of Naxalbari, this Maoist rebellion sputters on in the Indian countryside. The guerrillas operate among the impoverished peasants, fighting both the government security forces and private paramilitary groups funded by wealthy landowners. Most fighting takes place in the states of Andhra Pradesh, Maharashtra, Orissa and Madhya Pradesh.
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