The Fourth Five Year Plan also served as a stepping stone for the economic growth. This plan mainly emphasized on growth with stability and progressive achievement of self reliance. India had to reform and restructures its expenditure agenda, due to attacks on India in the years 1962 and 1965. India had hardly revived when it was struck by drought and a stint of reason. During this plan, India did not concentrate on long term goals, instead responded to overcome the crisis.
Objectives
The plan focused to increase the rate of development by reducing fluctuations in agricultural production as well as the impact of uncertainties of foreign aid.
To raise the standard of living through programmes designed to promote equality and social justice.
Particular emphasis on improving the conditions of the less privileged and weaker sections, through prevision of employment and education.
Efforts to reduce concentration of wealth, income and economic power to promote equality.
Achievements
The government nationalized 14 major Indian banks.
Green revolution advanced agriculture.
India performed the Smiling Buddha underground nuclear test in 1974.
Participants