Planning Commission may slash 12th plan average GDP growth to 6%: Report

Planning Commission may slash 12th plan average GDP growth
As the growth continues to slow down in past few quarters, the Planning Commission may slash the annual average economic growth rate target for the 12th plan to 6 per cent from 8 per cent in its mid-term review of the five-year policy document, according to a PTI report.

"It would be difficult to achieve the eight per cent average economic growth in the 12th Plan period in view of slowdown. It is quite possible the Commission will cut the target substantially to around six per cent," the PTI report said citing an official as saying.

For the 12th Plan period running from 2012-13 to 2016-17, the commission had fixed in a best-case GDP growth projection of 8 per cent, which was predicated on doing "everything possible".

Dion Global Solutions Ltd.

Read more about: gdp, planning commission, slowdown
Story first published: Monday, September 30, 2013, 9:22 [IST]
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