The first plan holiday due to the failure of third five year plan in independent India was taken in which of the following year?
Answer & explanation
Correct answer: option 4
The correct answer is Option 4 - 1966
In 1966, the anticipated launch of the Fourth Plan coincided with a significant decline in the novelty of planning, accompanied by a severe economic crisis in India. Consequently, the government made a decision to initiate a 'plan holiday,' effectively postponing the implementation of the Fourth Plan. This plan holiday, spanning from 1966 to 1969, marked the first instance of such a break in planning since India's independence.