Process begins for 11th Plan

New Delhi, Jan 1 | Updated: Jan 2 2006, 05:30am hrs
In an attempt to expedite work on the approach paper to the 11th Plan, the Planning Commission has tentatively scheduled the meeting of the full Commission on January 20.

Deputy chairman Montek Singh Ahluwalia has called for an internal meeting of the commission on January 10 to give final touches to the approach paper.

If the full Planning Commission meeting, which is chaired by the Prime Minister, happens as per schedule, it would be possible to hold the meeting of the National Development Council (NDC) immediately after the announcement of the Union Budget 2006, senior officials said.

The Eleventh Plan is scheduled to begin from April 1, 2007. The growth rate of the economy during the Plan period has become a topic of speculation as various figures are being put forward by various officials.

While, Dr Ahluwalia went on record saying that it would not be possible to get a double digit growth rate due to compulsions of coalition politics, the PM has said that a double digit growth rate was within reach provided certain growth parameters were adhered to.

The approach paper talks about various growth scenarios ranging from 7%-9%. Sources added that it would be difficult to tie-up things before January 20 and it was possible that the meeting of the full Planning Commission is postponed.