The Fourth Five-Year Plan (1969-1974)

The Fourth Five-Year Plan (1969-1974)

The Fourth Five-Year Plan (1969-1974) of India was a period of mixed achievements and challenges. While it fell short of its ambitious target of 5.7% growth rate, achieving only 2.05%, it also witnessed significant developments and faced external shocks that impacted its progress.  Goals and Priorities Stability and System Planning: The plan prioritized economic stability over rapid growth, aiming to build a more resilient and sustainable system. Progressive Self-reliance: The focus was on reducing dependence on foreign aid and promoting domestic resource mobilization for economic development. Quick-yielding Projects: To ensure visible results and maintain public confidence, the plan prioritized projects with shorter gestation periods. Challenges and Obstacles 1971 Bangladesh War : The war effort diverted resources and disrupted economic activity, impacting growth and development plans. Monsoon Failures (1971, 1972, 1973) : Consecutive droughts led to agricultural setbacks, food shortages, and…