Policy logjam may pull down growth to 5 pc: Plan Panel

In fresh grim news for the economy, the Planning Commission has cut the growth rate target for the Twelfth Five Year Plan (2012-17) to 8.2 per cent from 9 per cent. However, it has said that even this target is not a “foregone conclusion” and the rate could slip to as low as 5 per cent if “difficult decisions” are not immediately taken to reverse the economic slowdown.

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