While an export growth of seven per cent per annum was considered an essential element of the strategy, it was envisaged that the dependence on foreign aid would be halved during the course of the fourth plan (1969-74). It was in the fifth plan (1974-79) that self-reliance was recognised as an explicit objective.
Yield Curve Control Next, I would like to talk about yield curve control. 4  With regard to central banks' ability to control interest rates, the conventional view is that they can control short-term rates but not long-term rates.