11th Plan to miss investment target of 14.32 Lakh Crore

Monday, 31 January 2011, 15:02 IST
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New Delhi: The Eleventh Plan investment target of Rs 14.32 lakh crore is unlikely to be met, as the government would need to increase the Gross Budgetary Support (GBS) by 42 percent in 2011-12 -- the terminal year of the plan -- and that won't be possible. "Gross budgetary support to the plan needs to be raised by 42 percent in 2011-12, if the government intends to meet 11th plan (2007-12) target of Rs 14,31,711 crore at constant prices", a source in the Commission said. Besides, sources pointed out that as the central assistance to State plans has already exceeded the projection, the GBS for central plan will have to be increased by 67 percent (in 2011-12) to meet the overall targets.
Source: PTI
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