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Option 1 : Second

Five Year Plans

of Plan

Target Growth Rate

Actual Growth Rate

Second Five Year Plan

(1956-1961)

  • development of the public sector and "rapid Industrialisation"
  • Hydroelectric power projects and five steel plants at Bhilai, Durgapur, and Rourkela were established

4.5%

4.27%

Fourth Five Year Plan

(1969-1974)

  • nationalised 14 major Indian banks and
  • Green Revolution in India advanced the agriculture

 

5.6%

3.3%

Fifth Five Year Plan

(1974-1978)

  • put stress on employment, poverty alleviation (GaribiHatao), and justice
  • focused on self-reliance in agricultural production and defence

 

4.4%

4.8%

Sixth Five Year Plan

(1980-1985)

  • beginning of economic liberalization
  • The National Bank for Agriculture and Rural Development was established for development of rural areas.

5.2%

5.4%

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