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Which period is euphemistically described as the Plan Holiday period in India?
1. 1947-50
2. 1966-69
3. 1978-80
4. 1992-97

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Correct Answer - Option 2 : 1966-69

The correct answer is 1966-69.

  • Plan Holidays
    • Due to the failure of the previous plan, the government announced three annual plans called Plan Holidays from 1966 to 1969. 
    • The main reason behind the plan holidays was the Indo-Pakistani war and the Sino-India war, leading to the failure of the third Five Year Plan.
    • During this plan, annual plans were made and equal priority was given to agriculture its allied sectors, and the industry sector.
    • In a bid to increase the exports in the country, the government declared devaluation of the rupee. 

  • Despite big investments during the first three Plans, the Living standards of the poor could not be raised and poverty and inequity in the distribution of state resources remained stark. Consequently, the period between 1966 and 1969 marked the shift from a 'growth approach' to a 'distribution from growth approach'. Looking at the failures and pitfalls the planners suspended the impending Fourth Plan, which was due in 1966, until 1969 for a revision of objectives and targets. This came to be called the 'Plan Holiday' extending from 1 April 1966 to 31 March 1969. 

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