Fourth Five Year Plan


 
 
Concept Explanation
 

Fourth Five Year Plan

Fourth Five Year Plan (1969-1974): In the fourth plan, the outlays for all the sectors increased substantially, where agriculture and allied sectors received 16.9%, industry and minerals 18.5%, transportation and communications 18.4%, and power development 17.8%.

The Indira Gandhi government nationalised 19 major Indian banks. In addition, the situation in East Pakistan (now independent Bangladesh) was becoming dire as the Indo-Pakistani War of 1971 and Bangladesh Liberation War took place. In 1971, more than 10 million East Pakistani refugees fled to India.  Funds earmarked for the industrial development had to be used for the war effort. India also performed the Smiling Buddha underground nuclear test in 1974, partially in response to the United States deployment of the Seventh Fleet in the Bay of Bengal to warn India against attacking West Pakistan and widening the war.

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