Source: The Economic Times

By VINAYAK CHATTERJEE

The Approach Paper to the Eleventh Five-Year Plan prepared and circulated by the Planning Commission in June, 2006 provides a 'vision' for the period 2007-08 to 2011-12. It proposes that the target GDP growth rate for the Eleventh Plan be placed at 8.5% per annum.

On October 18, 2006, chairing a meeting of the Planning Commission, the PM set a target of 9% average economic growth for the Eleventh Plan, with a desired growth rate of 10% in the final years of the Plan period. At this meeting, the PM also said infrastructure development, particularly power sector reforms, is the "major constraint" hindering industrial growth.

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Posted by pichu at December 1, 2006 12:51 AM