What price growth?

What the latest macroeconomic numbers do is to drive a coach and four through the official targets for the 12th Five-Year Plan. After initially projecting growth at nine per cent to 9.5 per cent for the 2012-17 quinquennium, the Planning Commission late last year dropped the Plan's growth target to 8.2 per cent. It looked unrealistic then, and has become impossible now.

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