What is the average annual growth target of 12th Five Year Plan?
What is the average annual growth target of 12th Five Year Plan?
[A]7.6 per cent
[B]7.8 per cent
[C]8 per cent
[D]8.2 per cent
8 per cent
National Development Council (NDC) has approved the 12th Plan Document after scaling down the average annual growth target to 8 per cent for the five-year period, as suggested by the Planning Commission. The 12th Plan Document seeks to reduce poverty by 10 percentage points in the five-year period and also generate 50 million jobs in the non-farm sector. By the end of the Plan period (2012-17), the document aims at increasing investment in infrastructure to 9 per cent of the GDP.