Nine percent growth not possible in 12th Plan: Montek
"It is not possible to think of 9 percent growth. I think somewhere between 8 and 8.5 percent is feasible," Ahluwalia said when asked about the possible economic growth during the 12th Plan period (2012-17).
The approach paper for the 12th Five Year Plan (2012-17) approved by the panel led by Prime Minister Manmohan Singh has set a target of 9 percent average annual growth for the period.
Ahluwalia said even 8 percent growth would not be easy to achieve given the deteriorating global economic situation.
"When I say feasible, that will require major effort. If you don't do that, there is no god-given right to grow at 8 percent," Ahluwalia told reporters on the sidelines of an event organised by the Planning Commission here.
He said growth rate in 2012-13, the first year of the 12th Plan period, is likely to remain around 6.5 to 7 percent.
India's economic growth slumped to 6.5 percent in the financial year ended March 31, 2012, as compared to 8.4 percent in the previous year.
India's indigenously designed fighter aircraft, Light Combat Aircraft (LCA) Tejas, is all set to get the Initial Operational Clearance (IOC II), which would pave the way for its induction into the Indian Air Force.
Date 19-12-13, Duration 2:19, Views 560