New Delhi, March 23: Prime Minister Manmohan Singh today cautioned that return to faster economic growth should not be taken for granted in view of global challenges, even as the Planning Commission lowered the 11th Plan growth target by about one percentage point to 8.1 per cent per annum.
Infrastructure sector would be the demand booster and revive the economy at a time when exports are susceptible to global pressures, he told the Planning Commission during the mid-term appraisal of the plan that had targeted an average annual growth of nine per cent in the five years ending 2012.
The country needs high investment in infrastructure in the next two years of the 11th Plan for returning to faster growth which remains a challenge in difficult global environment, Singh said.
–Agencies