Annual Plan 1968-69

Abstract

From Introduction: The two Annual Plans for the year 1966-67 and 1967-68 had been formulated on the basis of the assumptions and calculations which had been made while preparing the Draft Outline of the original Fourth Five Year Plan (1966-71). The Planning Commission, which was re-constituted in September, 1967, after careful consideration felt that with the lapse of time, many of the assumptions and calculations made with reference to the Draft Outline were no longer valid and that a fresh exercise would have to be undertaken and that to be feasible operationally, the five years to be covered by the new Fourth Plan might commence from 1969-70. This proposal was endorsed by the National Development Council. In order that the proposals of the Annual Plan for 1968-69 could be incorporated effectively in the Central and State budgets for the year, it was necessary for this Plan to be finalised by January, 1968. The Commission, therefore, decided to undertake the formulation of the 1968-69 Annual Plan prior to the formulation of the new Fourth Plan after carefully taking into consideration the prevailing economic situation.