Aditi Kulkarni
Harshwardhan Sorath
Events
The
Chinese aggression(1962)
Heavy debt of IMF (1964)
Hostilities with Pakistan(1965)
Droughts for two successive years(1965-66
and 1966-67)
Devaluation of rupee (1966) and inflation
pressure
First Phase of Green Revolution(1966)
Nationalization of 14 banks (1969)
GDP
Foreign
Exchange Reserves
Production of food grains
GDP(%)
GDP(%)
8.1
7.6
6.5
5.1
3.1
1961-62
5
2.6
2.1
1962-63
1
1963-64
1964-65
1965-66
-3.7
1966-67
1967-68
1968-69
1969-70
1970-71
9.69
9.85
9.56
9.28
9.85
9.69
9.23
9.43
9.35
9.69
11.54
12.39
11.72
10.9
11.26
10.59
9.89
10.03
9.79
10.03
12.42
12.72
12.45
12.5
12.95
13.22
12.86
12.98
12.74
13.2
21.38
22.1
22.04
21.07
21.89
21.48
20.09
20.69
21.51
21.92
44.98
42.95
44.23
46.26
44.05
45.02
47.94
46.86
46.61
45.17
1968-69
1969-70
1970-71
40
20
0
1961-62
1962-63
1963-64
1964-65
1965-66
1966-67
1967-68
Other services(community, social and personal services)
Financial services
trans. Comm. And trade
POPULATION(million)
600
figuress in million
500
400
300
200
100
0
POPULATION(million)
1961-62 1962-63 1963-64 1964-65 1965-66 1966-67 1967-68 1968-69 1969-70 1970-71
444
454
464
474
485
495
506
518
529
541
1951
URBAN
82.7
82
17.3
18
1961
80.1
19.9
1971
698
631
600
724
649
547
500
484
422
400
361
300
200
100
0
492
377
39172
36934
35000
31910
30000
33595
27059
25000
22932
20000
15000
10000
5000
0
19592
16043
17118
23875
Base: 1970-71
Source: India micro economy and political economy 1964-1994
(values in %)
16
13.9
14
12
10
8
6.3
7.7
5.5
3.8
4
2
11.6
10.8
3.8
0.2
-2
-1.2
WPI
SAVINGS
16
14
13.9
12
10
12.6
11.6
12.2
14.2
13.9
11.9
11.8
14.5
12.1
SAVINGS
6
4
2
0
1961-62
1962-63
1963-64
1964-65
1965-66
1966-67
1967-68
1968-69
1969-70
1970-71
IMPORT
EXPORT
47.5
42.9
15.8
10.3
8.1
2.9 4.4
2.8 3.83.8
-2.9
-0.7
13.3
3.6
-3.4
8.6
4.1 3.3
-4.9
-17.1
TRADE BALANCE
TRADE BALANCE
18.2
5.7
7.7
7
0
1961-62
21.2
1962-63
5.3
1963-64
1964-65
-7.4
1965-66
-5.1
1966-67
-4.6
1967-68
1968-69
1969-70
1970-71
Fiscal deficit
Fiscal deficiet
8
7.3
6.7
5.8
5.1
5.5
5
4
4.4
4.6
3.8
3
2
1
0
1961-62 1962-63
1963-64 1964-65
1965-66
1966-67
1967-68
1968-69
1969-70
1970-71
FER(Rs. Crores)
FER(Rs. Crores)
821
732
478
297
295
306
250
1961-62 1962-63
1963-64 1964-65
539
574
298
1965-66
1966-67
1967-68
1968-69
1969-70
1970-71
120
100
80
89.36
72.35 74.23
60
40
20
0
108.42
Sixty