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Govt to target 9.5 per cent GDP growth in XIIth plan
20 April 2011: The Planning Commission is likely to set a target of 9 per cent-9.5 per cent growth during the 12th Five Year Plan, which starts April 2012. The growth target, which is expected to be finalised at the full Plan panel meeting soon. The target will come with a rider — agriculture and manufacturing sectors need to grow at 4 per cent and 11 per cent -12 per cent, respectively.
Planners are cautious in setting an 'ambitious' growth target for the next plan since the global economy is still quite sluggish. "We want to present a picture before the PM, which is achievable," said minister of state for planning Ashwini Kumar, ahead of the meeting that will finalize the approach paper for the upcoming 12th Plan.
The thrust of the Plan will be on faster, more inclusive and sustainable development. Creation of more transparent environment will be another focus area since UPA-II has been hit by scams and scandals.
Source: Hindu Business Line