Previous Year Question
Which of the following Five-Year Plans was launched with the objective of “Growth with Stability”?
Correct Answer: A
Detailed Solution
The Fourth Five-Year Plan (1969–1974) had “Growth with Stability” as one of its major objectives. According to official educational material of IGNOU, the two main objectives of the Fourth Five-Year Plan were Growth with Stability and Progressive Achievement of Self-Reliance, meaning that economic growth was to be accompanied by stability and a gradual movement towards self-reliance.
The economic difficulties that followed the Third Five-Year Plan formed an important background to this approach. Therefore, merely increasing production was not considered sufficient; maintaining price stability, using resources more effectively, and reducing dependence on external assistance in order to move towards self-reliance were also part of the strategy. IGNOU material similarly identifies growth and stability as the main focus of the Fourth Plan.