Annual Plan Progress Report 1967-68 Government of India Planning Commission

Abstract

The strains under which the economy had operated since the end of the Third Five Year Plan continued till about the middle of the year. But the second half of 1967-68 marked a turning point in the course of the economy. Good weather conditions in almost all parts of the country, coupled with a marked improvement in wheat output under the high yielding varieties programme raised foodgrains production to a new peak. Substantial increases were also registered in the production of commercial crops. A moderate revival in industrial production started during the later part of the year. While those industries which produced inputs for agriculture maintained the growth in their output, a revival in the production of agriculture- based industries also set in with belter availability of raw materials from the new crop.