Plan panel mid-term review on March 20

“The meeting of full Planning Commission will be held on March 20,” Deputy Chairman Montek Singh Ahluwalia told reporters here. The meeting would consider the mid-term appraisal document of the 11th Plan, he added.

The agenda includes discussion of the state of the economy, especially in the view of developments that have taken place since the last meeting of the full panel on September 1 last. The meeting assumes importance as it will suggest mid-course policy corrections for achieving the Plan objectives.

The 11th Plan, which is aimed to raise average economic growth to 9 per cent, was hit by the global financial crisis triggered by the collapse of Lehman Brothers and other Wall Street titans beginning September 2008, pulling down the GDP growth to a low 6.7 per cent during 2008-09 from over 9 per cent during the preceding three years.

For the current fiscal, the panel earlier had projected a 6.5 per cent GDP growth, which will now be revised upwards in view of the overall better numbers since the second quarter of the fiscal and a stupendous 16.8 per cent industrial growth in December and the recovery of the exports sector since last November.

Besides, Manmohan Singh, the meeting will be attended by Pranab Mukherjee among others.

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