PM may push for 10% average GDP growth in 12th Plan

The Planning Commission, chaired by Prime Minister Manmohan Singh, will meet on April 21 (Thursday) with growth and inflation as its centre of focus. Sources say the high-powered committee will discuss the approach paper on the 12th Five Year Plan (2012-13 to 2016-17).

The PM is likely to set the five-year GDP growth target at the meet. The Planning Commission pegs India average GDP at 9% in 2012-17. According to sources, Manmohan Singh may push for a target of 10% average annual growth in the 12th Five Year Plan.

However, that goal is based on optimistic assumptions, particularly on manufacturing.