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Govt approves 12th plan Approach Paper; pegs 9% growth target

Govt approves 12th plan Approach Paper; pegs 9% growth target
PTI
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First Published: Thu, Sep 15 2011. 02 23 PM IST
Updated: Thu, Sep 15 2011. 02 23 PM IST
New Delhi: The government on Thursday approved the Approach Paper for the 12th plan (2012-17) which seeks to raise annual economic growth rate to 9% during the five-year period, up from 8.2% estimated in the current plan.
The Approach Paper would be placed before the National Development Council (NDC) for final approval on 15 or 16 October, information and broadcasting minister Ambika Soni told reporters after a meeting of the Union Cabinet.
The NDC, the highest policy-making body of the country, is headed by the Prime Minister and its members include Union ministers, members of planning commission, and chief ministers of all states.
The Approach Paper, which provides a broad framework of the government policy to be pursued in the five-year plan period to achieve the desired growth rate, was cleared by the full planning commission, headed by Prime Minister Manmohan Singh, on 20 August.
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First Published: Thu, Sep 15 2011. 02 23 PM IST