India?s economy would achieve 8.2% growth during the 11th five-year Plan if growth in the current year can be maintained at 8.5%, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said on Friday. ?Essentially we are going into the 12th Plan in a pretty strong position,? Ahluwalia told reporters at the Commission’s regional consultation with southern states on the approach paper to the 12th plan. ?During the 11th Plan we would have achieved approximately 8.2% compared with 7.7% in the 10th Plan. So the 11th Plan will have done much better than the 10th Plan, but not as well as the target of 9%. The growth target for the 12th five-year plan will likely be between 9% and 9.5%. Montek Singh Ahluwalia said that good macromanagement and a good monsoon would bring price levels down to a reasonable level by September or October.
Food prices to fall to reasonable levels by September: Montek
India?s economy would achieve 8.2% growth during the 11th five-year Plan if growth in the current year can be maintained at 8.5%, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said on Friday.
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This article was first uploaded on June eleven, twenty eleven, at thirty-three minutes past one in the night.