Friday, September 7, 2012

Plan panel cuts GDP growth target for 12th Plan

Due to the mild economic recovery, Plan panel has decided to lower annual average economic growth rate to 8.2% in the 12th Five Year Plan (2012-17) from 9 percent estimated earlier.
This will be presented in the meeting of the Full Planning Commission, to be presided over by the Prime Minister, on September 15.
After this is approved by full Planning Commission  it would be reviewed and approved by the Union Cabinet and then it would be placed before the country’s apex decision making body National Development Council (NDC) for final approval.
The NDC headed by the Prime Minister also includes chief ministers and union cabinet ministers on board. It is the final authority to finalise the five-year policy document.

Worth reading