Govt approves 12th Five-Year Plan

October 04, 2012 21:37

The government today approved the 12th Five-Year Plan (2012-17) document that aims to achieve annual average economic growth rate of 8.2 per cent, down from 9 per cent envisaged earlier, in view of fragile global recovery.

The Union Cabinet discussed and approved the draft 12th Plan document, Finance Minister P Chidambaram said. The document has already been approved by the full Planning Commission headed by Prime Minister Manmohan Singh on September 15.

The document will now be placed before the National Development Council, the apex decision making body, for the final approval.

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