New Delhi: After almost six months into India’s 12th five-year plan period (2012-17) that began on 1 April, the full Planning Commission chaired by Prime Minister Manmohan Singh will meet on Saturday to discuss the plan document drafted by the apex planning body, the first step in its approval.
The meeting will also debate a proposal to decrease the average growth target for the period to 8.2% from the 9% approved by the top decision-making body, the National Development Council (NDC), in the approach paper. Average growth over the 11th plan is estimated to have been close to 7.9% against the targeted 9%.
Recent flashpoints such as water and land are focus areas for the plan, apart from the continuing concerns of health, education and infrastructure sectors, a government official said, requesting anonymity. There is recognition in this draft plan that the earlier centralized approach, for instance, to river inter-linking, simply doesn’t work, the official said. The total outlay proposed is Rs.47.7 trillion, of which New Delhi will contribute Rs.27 trillion and the rest will come from the budgetary and external resources of the central ministries and departments, PTI reported on 12 September.
“The total investment (in infrastructure) during the 12th plan is projected at Rs.51.46 trillion compared to Rs.27.74 trillion realized during the 11th plan,” the news agency cited a person familiar with the document as saying.
While the approach paper talked about raising the share of private sector investment in infrastructure to half from about 37%, the latest PTI report said the draft plan document proposes 53% of the investment be made by the government.
The highest investment is envisaged in the power sector at about Rs.15 trillion, roads at Rs.9.2 trillion, telecommunications at Rs.8.84 trillion and railways at Rs.4.56 trillion, PTI said.
For the first time, state-specific monitorable targets are suggested in the plan document following 25 core targets. The targets across sectors include reduction of infant mortality rate to 25 per thousand live births, maternal mortality ratio to one per thousand live births, raising mean years of schooling to seven, creation of 50 million new non-farm jobs and adding 30,000 megawatts (MW) of renewable energy by the end of March 2017, an official at the plan panel said on condition of anonymity.
The draft cleared by the full commission will become the final 12th plan document after getting approval from the cabinet and then the NDC. Deputy Planning Commission chairman Montek Singh Ahluwalia told Mint on 3 August that the NDC meeting was expected to be held in October.