Question map
Which of the following were the years of Annual Plans ?
Explanation
In the history of Indian economic planning, the period from 1966 to 1969 is officially recognized as the 'Plan Holiday' [4]. Following the Third Five-Year Plan, severe economic disruptions occurred due to the 1965 war with Pakistan, successive droughts, and the devaluation of the Indian currency [2]. These factors delayed the finalization of the Fourth Five-Year Plan, leading the government to implement three separate Annual Plans for the years 1966-67, 1967-68, and 1968-69 [2]. These plans were executed within the framework of the draft outline for the Fourth Plan [2]. While another set of annual plans occurred later between 1990 and 1992 due to political instability and the 1991 economic crisis, the period 1966-1969 remains the most prominent instance of annual planning in the early post-independence era [4].
Sources
- [2] History , class XII (Tamilnadu state board 2024 ed.) > Chapter 9: Envisioning a New Socio-Economic Order > 9.4 Five Year Plans > p. 124
- [4] Geography of India ,Majid Husain, (McGrawHill 9th ed.) > Chapter 11: Industries > Eighth Five-Year Plan (1992–97) > p. 4
- [1] Geography of India ,Majid Husain, (McGrawHill 9th ed.) > Chapter 15: Regional Development and Planning > Annual Plans > p. 5