Question

The target growth rate of the 4th five year plan was ?

• A. 5.6 %
• B. 3.3%
• C. 4.3%
• D. 4.8 %

Answer 1

Answer:

A. 5.6 %

4th Five Year Plan

• Period: 1969-1974

• It was launched under Prime Minister Indira Gandhi's government

• The main focus was on growth with stability and self-reliance

• The plan emphasized agriculture, particularly the "Green Revolution" strategy to increase food production

• It also gave priority to growth in the core sector of industry

• Special programs like Small Farmers Development Agency (SFDA) were launched

• The plan aimed to reduce unemployment and income inequalities

• Despite the 5.6% target, the actual achieved growth was lower (around 3.3%) due to various factors including the 1971 Indo-Pak war and refugee crisis from East Pakistan (now Bangladesh)

• The period also saw the oil crisis of 1973 which affected economic performance