8% growth, 100% effort

Though the Planning Commission has done well to lower its annual GDP estimates for the 12th Plan to 8% from the 8.2% it was looking at in September and the 9% before that, as PM Manmohan Singh pointed out, even achieving this isn’t going to be that easy. Given a likely 5.5% growth in FY13 and a 6.5% one in FY14, this means growth in the remaining 3 years of the Plan ending March 2017 has to be a bit over 9% per annum.

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