A target of 9 percent economic growth is likely to be set up during the 12th Five Year Plan. A final decision to this effect will be taken in the meeting of the full Planning Commission in New Delhi tomorrow. The Prime Minister Dr. Manmohan Singh will chair the meeting. Talking to reporters in Planning Commission Deputy Chairman Montek Singh Ahluwalia said that the current fiscal is likely to see a growth of over 8 percent in gross domestic product (GDP), as against 8.5 percent registered during the previous fiscal. Mr. Ahluwalia said one of the key issues in the Approach Paper will be the effective implementation of programmes with transparency and accountability. He said agriculture sector had performed better in 11th plan, however 4 percent of growth rate in this sector could not be achieved. The target for 12th plan in the sector is projected to be 4 percent. Mr. Ahluwalia added that water will be one of the main issues, besides other important sectors like energy and employment generation. He expressed concern over the unsustainable use of water. He said excess exploitation of ground water must be stopped. Mr. Ahluwalia said that India will be the third largest economy in next 20 years after China and United States. He indicated of some tough decisions in energy sector.
News On AIR | August 19, 2011 7:26 PM
12th 5 year plan aims for 9% economic growth says Ahluwalia