11th Plan growth may exceed 8.1 percent: Montek

Monday, 19 July 2010, 14:36 IST
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New Delhi: Buoyed by the prospects of a robust economic recovery, the Planning Commission has expressed the optimism that the average economic growth during the 11th Plan (2007-12) could exceed 8.1 percent against the 7.7 percent recorded during the previous Plan. "We will end the 11th Plan period with 8.1 percent growth, perhaps a little more," Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters here on Friday. The National Development Council (NDC) meeting is scheduled for July 24 to approve the mid-term appraisal (MTA) document. Although the 11th Plan will not be able to achieve the original target of 9 percent growth due to the impact of the global economic crisis during 2008-09 and 2009-10, the average growth of over 8.1 percent would be much higher than 7.7 percent achieved during the 10th Plan, he said.
Source: IANS
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