Which Five-Year Plan aimed to achieve self-reliance and aimed at 'growth with stability'?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Fourth Plan.
The Fourth Five-Year Plan (1969-1974) was designed with the twin objectives of 'Growth with Stability' and 'Progressive Achievement of Self-Reliance.' Under the leadership of Prime Minister Indira Gandhi, the plan aimed to correct previous trends of wealth concentration and reduce India's dependence on foreign aid. It prioritized boosting agricultural production through the Green Revolution and nationalizing 14 major banks. Although challenges like the 1971 Indo-Pak war hindered its full success, the plan's goals shaped India's economic policy for decades.