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{{Use Indian English|date=December 2015}}
'''12th Five Year Plan''' of the [[Government of India]] (2012–17) was India's last Five Year Plan.<ref>{{cite web | url=http://planningcommission.nic.in/plans/planrel/12appdrft/appraoch_12plan.pdf | title=An Approach to 12th Five Year Plan | publisher=Planning Commission of India | accessdate=14 December 2011 | archive-date=30 January 2012 | archive-url=https://web.archive.org/web/20120130061303/http://planningcommission.nic.in/plans/planrel/12appdrft/appraoch_12plan.pdf | url-status=dead }}</ref>

With the deteriorating global situation, the Deputy Chairman of the Planning Commission [[Montek Singh Ahluwalia|Mr Montek Singh Ahluwalia]] has said that achieving an average growth rate of 8 per cent in the next five years is not possible. The final growth target has been set at 8% by the endorsement of plan at the [[National Development Council (India)|National Development Council]] (NDC) meeting held in [[New Delhi]].

"It is not possible to think of an average of 9 per cent (in 12th Plan). I think somewhere between 8 and 8.5 per cent is feasible", Mr Ahluwalia said on the sidelines of a conference of State Planning Boards and departments. The approached paper for the 12th Plan, approved last year, talked about an annual average [[Economic growth|growth rate]] of 9 per cent.

"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 per cent. I think given that the [[world economy]] deteriorated very sharply over the last year...the growth rate in the first year of the 12th Plan (2012-13) is 6.5 to 7 per cent."

He also indicated that soon he would share his views with other members of the commission to choose a final number (economic growth target) to put before the country's NDC for its approval.

Though the 12th Plan has taken off, it is yet to be formally approved. The [[Planning Commission (India)|Planning Commission]] set a deadline of September for taking the approval of the NDC. The council is expected to meet after July, subject to the convenience of the [[Prime Minister of India|Prime Minister]]. It is mainly focused on health. The status of the 12th Plan is in question due to the dissolution of the Planning Commission.

==Poverty==

The government intends to reduce poverty by 10 per cent during the 12th Five-Year Plan. Mr Ahluwalia said, "We aim to reduce poverty estimates by 2 per cent annually on a sustainable basis during the Plan period".

According to the [[Suresh Tendulkar|Tendulkar]] methodology, the percentage of population below the [[Poverty line in India|poverty line]] was 29.8 per cent at the end of 2009–10. This number includes 33.8 per cent in the rural areas and 20.9 per cent in the urban areas.

Earlier, addressing a conference of State Planning Boards and Planning departments, he said the rate of decline in poverty doubled during the 11th Plan. The commission had said, while using the [[Suresh Tendulkar|Tendulkar poverty line]], the rate of reduction in the five years between 2004–05 and 2009–10, was about 1.5 percentage points each year, which was twice that when compared to the period between 1993–95 to 2004–05.<ref>{{cite web|last1=Sinha|first1=Shishir|title=Plan panel may cut back on growth target for 12th Plan|url=http://www.thehindubusinessline.com/economy/economy/article3609337.ece?ref=wl_industry-and-economy|website=The Hindu Business Line|date=6 July 2012}}</ref>

==See also==
* [[Five-Year Plans of India]]

==References==
{{reflist}}

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[[Category:Five-year plans of India]]
[[Category:2012 in India]]
[[Category:2010s in India]]

12th Five-Year Plan India - Revision history

CleanupBot at 04:32, 8 July 2023