Nine per cent for the 12th Five Year Plan (2012-17)

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The National Development Council (NDC) on 22nd October endorsed a growth target of nine per cent for the 12th Five Year Plan (2012-17) despite the current economic slowdown and global financial concerns, even as Prime Minister Manmohan Singh appealed to political parties to ensure that long-term goals do not become hostage to short-term interests.

Following the daylong deliberations of the country’s highest policy decision-making body, wherein a number of non-UPA States rapped the Centre over various issues, Dr. Singh assured the Chief Ministers that the Commission would take note of their suggestions while drafting the Plan.

“We have had a fruitful discussion. Many Chief Ministers had expressed their views on various issues covered in the Approach Paper. There are different views on some issues, but there is a broad agreement that the objectives laid out in the Approach Paper and the challenges identified therein should be the basis of finalising the 12th Plan,” Dr. Singh said.

Briefing the media after the meeting of the NDC, chaired by the Prime Minister, Planning Commission Deputy Chairman Montek Singh Ahluwalia said the target for five-year Plan period would be an annual average growth rate of nine per cent, up from the 8.2 per cent estimated during the 11th Plan.

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