India to clock 9 percent in 11th Plan period: Ahluwalia

By IANS,

New Delhi : Planning Commission Deputy Chairman Montek Singh Ahluwalia Sunday said the average economic growth during the current Five-Year Plan period would be 9 percent.

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“I think we will be able to achieve an overall growth, which will on an average come to 9 percent,” Ahluwalia said at the India Economic Summit here of the World Economic Forum.

The current Five-Year Plan period, India’s 11th, runs till 2012.

“India’s GDP (gross domestic product) grew by 6.7 percent last fiscal while it consecutively grew for over 9 percent in the earlier years,” he noted.

Ahluwalia also agreed with Prime Minister Manmohan Singh’s outlook for economic growth of between 7-8 percent in the next fiscal.