Planning Commission unlikely to cut 12th Plan growth target

The Indian economy though posted a below average performance in the first two years the Planning Commission headed by Prime Minister is unlikely to opt for any reduction in eight percent annual average growth target for the 12th Plan period.

As per the advance estimates of the Central Statistics Office (CSO) the economy is expected to grow at 4.9 percent in 2013-14 period. The economy had registered a growth of 4.5 percent in 2012-13, during the first year of the five-year Plan period.

The mid-term review of the 12th Plan period is expected to be conducted by the end of this year and the onus of revising the growth target will rest on the new government to be formed after general elections.

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