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Aug 20, 2011

Planning Commission to set 9% Growth Target

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The Planning Commission of India may set a target of 9 per cent growth rate target for the 12th Five-Year Plan (2012-17). And the target is likely to approved by the Prime Minister of India Dr. Manmohan Singh who is the Chairman of the Planning Commission.

The deputy chairman of the commission Montek Singh Ahluwalia told media on Friday that the Indian economy may grow between 8 per cent and 8.3 per cent in the current fiscal.

The approach paper set by the commission aimed to achieve the 9 per cent growth rate during the 12th Five Year Plan from the 8.2 per cent estimated in the 11th Five Yea Plan.

Ahluwalia projected that having potential to achieve the growth rate of 9 per cent, India could be third largest economy in the world after US and China.


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