India should aim for 8% economic growth: Montek Singh Ahluwalia

Plan panel deputy chairman says rising uncertainties in the global economy have hiked risks to India’s growth
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First Published: Wed, Dec 26 2012. 04 30 PM IST
A file photo of Planning Commission deputy chairman Montek Singh Ahluwalia. Photo: Priyanka Parashar/Mint
A file photo of Planning Commission deputy chairman Montek Singh Ahluwalia. Photo: Priyanka Parashar/Mint
New Delhi: India should aim for an 8% average economic growth over the next five years beginning April 2012, Montek Singh Ahluwalia, deputy chairman of the Planning Commission, said on Wednesday.
He said mounting uncertainties in the global economy have increased risks to India’s economic growth.
“There is merit in being realistic,” he said.
India’s economy is battling its worst slowdown in a decade. Economic growth for the current fiscal year that ends in March is forecast to be 5.7-5.9%, the slowest since 2002/03.
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First Published: Wed, Dec 26 2012. 04 30 PM IST
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