ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Budget-Outlays without Results

irrigation and enlargement of the area under high-yielding varieties of seeds. Without serious effort to come to grips with the factors responsible for the tardy response of output to increases in inputs, which is by no means confined to agriculture alone, continuous enlargement of the financial outlays on development programmes can only be viewed with mixed feelings. Even if it is taken for granted that the Sixth Plan's target of financial outlay will be achieved or even exceeded (of course, at current prices), what conclusions can be drawn from this about the likely achievement of the Plan's physical targets? It is well known that in the last few years the development effort has to a great extent been concentrated on the energy sector. The finance Minister points out that over 36 per cent of the Central Plan outlay in 1983-84 is to be devoted to this sector. In physical terms, within the energy sector, the growth of petroleum production has been admittedly satisfactory, though even here the progress with regard to exploration and further development of the production potential is open to doubt. In the rest of the energy sector, coal and power, achievement has detinitely lagged well behind the Sixth Man's targets. Especially in power, which has been the recipient of successive sharp increases in outlay, total electricity generation in 1982-83 is estimated to be 130 billion KW an increase of only 18 billion KW in the first three years of the Sixth Plan compared to the five-year target of increase of 79 billion KW.

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