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.
â€œWe 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,â€ 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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