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1. The third plan stressed on agriculture and improving production of rice, but the brief Sino-Indian War in 1962, Jawaharlal Nehru’s Death in 1964, Indo-Pak War 1965 etc exposed weaknesses in the economy and shifted the focus towards defense. This affected badly the smooth implementation of the Plan.
2. Growth rate was targeted 5%, however achieved only 2.2%. Much of the achievement was null and void because of 36% inflation and devaluation of rupee in 1966.
3. In this plan major emphasis was on basic industries but also agriculture, irrigation and power got 35% of the total plan outlay.
4. In 1965-1966, the Green Revolution in India advanced agriculture. The construction of dams continued. Many cement and fertilizer plants were also built. Punjab began producing an abundance of wheat.
5. Many primary schools were started in rural areas. In an effort to bring democracy to the grassroots level, Panchayat elections were started and the states were given more development responsibilities.
6. State electricity boards and state secondary education boards were formed. States were made responsible for secondary and higher education.
7. State road transportation corporations were formed and local road building became a state responsibility.

After the bad experience of the third plan a Plan Holiday was declared for three years. Due to famine of 1965-1966 , all available resources were mobilised for building a buffer stock and for stepping up food production . So Fourth Plan Period was 1969-1974.


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