The Fourth Five-Year Plan was scheduled to commence in 1966. However, due to severe economic difficulties, a 'Plan Holiday' was declared for the period 1966-1969, during which Annual Plans were implemented instead. The primary reasons for this economic crisis and the subsequent Plan Holiday were the Indo-Pakistan War of 1965, severe drought in 1965-66, leading to food shortages and inflation, and resource constraints. While the Chinese aggression in 1962 occurred during the Third Plan and increased defence spending, the immediate trigger for the Plan Holiday and delay in the Fourth Plan's launch was the 1965 conflict with Pakistan and its aftermath. 87. Which Plan in India is called a plan for managing the transition from a centrally planned economy to a market economy?

Asked in WBCS Main Paper 5 2022 · Topic: Planning (Evolution of Planning in India (Five-Year Plans era))

1. Fifth Plan
2. Eighth Plan
3. Sixth Plan
4. Second Plan

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