The Sixth Plan started at a time when the economy was severely disrupted by the dry spell of 1979. In addition, there was a sharp wear and tear in our terms of trade since of steep increase in the price of imported oil in 1979 and 1980.
Similarly, the position of balance of payments was bad and rate of inflation was high. All this threatened stability of economic system and the possibility of continued development.
Yet successful efforts were made to restore financial stability and continue the process of development and development. The Plan was based upon a set of objectives, which are noted below.
The Sixth Plan was developed after taking into consideration the achievements and imperfections of the previous 3 decades of preparation in the nation. Removal of hardship continued to be the primary goal of this Plan.
This approval was adopted despite the fact that it was recognised that elimination of hardship was a gigantic job and could not be quickly achieved in a brief time.
Goals of the Sixth Strategy:
Keeping the above facts in view, the main goals of the Sixth Plan were set as under:
(i) to achieve a considerable increase in the rate of growth of economy;
(ii) to promote effectiveness in using resources and to attain enhanced efficiency;
(iii) To decrease hardship and unemployment,
(iv) A fast development of native sources of energy;
(v) To enhance the quality of life of individuals in general and the poor and socially disabled in particular;
(vi) To reduce the inequalities of earnings and wealth for the advantage of the bad;
(vii) To reduce regional inequalities in advancement and technological benefits;
(viii) To promote policies for managing the growth of population through voluntary acceptance of the small household standard;
In order to accomplish these goals it was proposed to:
(a) Offer more facilities for agriculture and market,
(b) To achieve fast growth in investments, output and exports through unique programs.
(c) To increase job opportunity in rural and unorganised sectors and
(d) To seek the active co-operation of public.
On the whole, the Sixth Strategy was fairly effective as it moved the nation towards continued growth, modernisation and social justice. The acceptable execution of the Plan increased the nation’s capability to deal with the problems of hardship and under-development. It made us hopeful of removing poverty.
In the Sixth Strategy real expense incurred was Rs. 1,09,291.7 crore as versus the proposed expense of Rs. 97,500 crores. The typical yearly development rate for the Strategy worked out to 5.2 percent. It was equal to the targeted growth rate for the Strategy duration.