Fourth Five Years Plan

The Fourth Plan (1969-74) aimed at accelerating the tempo of development of reducing fluctuations in agricultural production as well as the impact of uncertainties of foreign aid. It sought to raise the standard of living through programmes designed to promote equality and social justice. The Plan laid particular emphasis on improving the conditions of the less privileged and weaker sections especially through provision of employment and education. Efforts were directed towards reduction of concentration of wealth, income and economic power to promote equity. The Plan aimed at increasing the net domestic product (at 1968-69 factor cost) from Rs.29,071 crore in 1969-70 to Rs.38,306 crore in 1973-74. The average annual compound rate of growth envisaged was 5.7 per cent.