New Delhi, July 18: Buoyed by the prospects of a robust economic recovery,the Planning Commission has expressed the optimism that the average economic growth during the 11th Plan (2007-12) could exceed 8.1 per cent against the 7.7 per cent recorded during the previous Plan.
“We will end the 11th Plan period with 8.1 per cent growth, perhaps a little more,” Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters here on Friday.
The National Development Council (NDC) meeting is scheduled for July 24 to approve the mid-term appraisal (MTA) document.
Although the 11th Plan will not be able to achieve the original target of 9 per cent growth due to the impact of the global economic crisis during 2008-09 and 2009-10, the average growth of over 8.1 per cent would be much higher than 7.7 per cent achieved during the 10th Plan, he said.
–Agencies