Planning commission Deputy Chairman Montek Singh Ahluwalia on Friday said that a target of sustainable economic growth rate of 9 percent has been set up for the 12 th five year plan beginning April next year. Briefing media persons in New Delhi before the full planning commission meeting on Saturday, Mr. Ahluwalia said one of the key issues in the Approach Paper will be the effective implementation of various government 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. He said target for agriculture sector in 12th plan is again 4 percent. He asserted that better productivity in the sector can help in curbing inflation. 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, particularly excess exploitation of ground water must be stopped. He 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. He stressed the need of convergence various government schemes. Citing the example of Mahatama Gandhi NREGA, he said that it can be clubed with conservation of water and its resource.
News On AIR | August 19, 2011 2:16 PM
Planning Commission sets 9 per cent growth rate for 12th Five Year Plan