12th Five Year Plan: Government Approves 12th Five Year Plan

12th Five Year Plan of India, 12th Five Year Plan of the Government of India (2012-2017). 12th Five Year Plan Details.

The economy of India is based in part on planning through its five-year plans, which are developed, executed and monitored by the Planning Commission.

The government today approved the 12th Five-Year Plan (2012-17) document that aims to achieve annual average economic growth rate of 8.2%, down from from 9% envisaged earlier, in view of fragile global recovery.

The Union Cabinet discussed and approved the draft 12th Plan document, Finance Minister P Chidambaram said.

“Plan emphasises the need for speeding up the implementation of infrastructure projects”.

The 12th plan document has already been approved by the full Planning Commission chaired by Prime Minister Manmohan Singh on September 15.

Now, the document will be placed before the National Development Council (NDC), the apex decision making body, for final approval.

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