Which period in India is described as Plan Holiday?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 1966 to 1969.
The Plan Holiday in India refers to the period from 1966 to 1969, during which no Five-Year Plan was implemented. This break occurred after the Third Five-Year Plan (1961-1966) failed due to economic crises, droughts, food shortages, and the Indo-Pak war of 1965. Instead, the government introduced three annual plans (1966-1969) to stabilize the economy. The Fourth Five-Year Plan was launched in 1969. The Plan Holiday aimed to address inflation, food production, and economic recovery before resuming long-term planning.