Thursday, October 4, 2012

12th Five Year Plan (2012-17) Overview and Highlights

The union cabinet  today approved the 12th Five Year Plan that seeks an average annual economic growth of 8.2 percent and identifies infrastructure, health and education as thrust areas. The growth rate has been lowered to 8.2 percent from the 9.0 percent projected earlier in view of the current slowdown in the economy and adverse international situation. The duration of the plan is 2012 to 2017. 
During the 11th Plan period, the average annual growth was 7.9 percent. A full Planning Commission chaired by Prime Minister Manmohan Singh September 15 endorsed the document which has fixed the total plan size at Rs.47.7 lakh crore.
The 12th Plan seeks to achieve 4 percent agriculture sector growth during the five-year period "critical to achieve inclusive growth". Here are some Highlights of the 12th Five Year Plan.
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