Reviving the growth momentum

The Planning Commission, after considering the global and domestic constraints, has revised the 12th Plan growth target downwards to 8%. However, even this lower growth target will require considerable policy initiatives to enhance economy’s growth potential. Given that the economy is likely to register less than 6% growth in the current year and both domestic and international environment may not permit a growth rate more than 7% next year, the remaining three years of the plan will have to register more than 9% growth.

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