"A realistic target for growth in the 12th Plan would be 8% - 8.5%," deputy chairman of the Planning Commission Montek Singh Ahluwalia told CNBC-TV18.
"We haven't decided what the 12th Plan target will be. The original 9% target is no longer feasible. So, in my mind somewhere between 8-8.5% makes sense."
Montek Singh also explains that though the monsoons have been delayed, it cannot be said that the monsoons have failed. However, a weak monsoon may hit sowing of the kharif crop. Also watch the accompanying video
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