Third Five Year Plan


 
 
Concept Explanation
 

Third Five Year Plan

Third Five Year Plan (1961-1966): The focus of the third plan was industrialisation, with 24.6% spent on transportation communications and 20.1% on industry and minerals. But the brief Sino-Indian War (1962) exposed weaknesses in the economy and shifted the focus towards defence. In 1965-1966, the Green Revolution in India advanced agriculture. The wars led to rising prices in Indía. The priority was thus shifted to price stabilisation. The construction of dams continued. Many cement and fertiliser plants were ale built. Punjab began producing an abundance of wheat. Many primary schools were started in rural area In an effort to bringing democracy, Panchayat elections were started and the states were given more development responsibilities. State electricity boards were formed. States were made responsible for secondary and higher education. State road transportation corporations were formed and local road building became a state responsibility.

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