11th Five Year Plan
11th Five Year Plan of India (2007 - 2012)
On the eve of the 11th Plan, our economy is in a much stronger position than it was a few Years ago. After slowing down to an average growth rate of about 5.5% in the 9th Plan period (1997 - 98 to 2001 - 02), it has accelerated significantly in recent Years.
The average growth rate in the last four Years of 10th Plan period (2003 - 04 to 2006 - 07) is likely to be a little over 8%, making the growth rate 7.2% for the entire 10th Plan period. Though, this is below the 10th Plan target of 8%, it is the highest growth rate achieved in any plan period.
This performance reflects the strength of our economy and the dynamism of the private sector in many areas. Yet, it is also true that economic growth has failed to be sufficiently inclusive, particularly after the mid - 1990s.
Agriculture lost its growth momentum from that point on and subsequently entered a near crisis situation. Jobs in the organized sector have not increased despite faster growth. The percentage of our population below the poverty line is declining but only at a modest pace.
Malnutrition levels also appear to be declining, but the magnitude of the problem continues to be very high. Far too many people still lack access to basic services such as health, education, clean drinking water and sanitation facilities without which they cannot claim their share in the benefits of growth.
Women have increased their participation in the labor force as individuals, but continue to face discrimination and are subject to increasing violence, one stark example of which is the declining child sex ratio.
India's Vision for the 11th Five Year Plan :
The 11th Plan provides an opportunity to restructure policies to achieve a new vision based on faster, more broad - based and inclusive growth. It is designed to reduce poverty and focus on bridging the various divides that continue to fragment our society.
The 11th Plan must aim at putting the economy on a sustainable growth
On the eve of the 11th Plan, our economy is in a much stronger position than it was a few Years ago. After slowing down to an average growth rate of about 5.5% in the 9th Plan period (1997 - 98 to 2001 - 02), it has accelerated significantly in recent Years.
The average growth rate in the last four Years of 10th Plan period (2003 - 04 to 2006 - 07) is likely to be a little over 8%, making the growth rate 7.2% for the entire 10th Plan period. Though, this is below the 10th Plan target of 8%, it is the highest growth rate achieved in any plan period.
This performance reflects the strength of our economy and the dynamism of the private sector in many areas. Yet, it is also true that economic growth has failed to be sufficiently inclusive, particularly after the mid - 1990s.
Agriculture lost its growth momentum from that point on and subsequently entered a near crisis situation. Jobs in the organized sector have not increased despite faster growth. The percentage of our population below the poverty line is declining but only at a modest pace.
Malnutrition levels also appear to be declining, but the magnitude of the problem continues to be very high. Far too many people still lack access to basic services such as health, education, clean drinking water and sanitation facilities without which they cannot claim their share in the benefits of growth.
Women have increased their participation in the labor force as individuals, but continue to face discrimination and are subject to increasing violence, one stark example of which is the declining child sex ratio.
India's Vision for the 11th Five Year Plan :
The 11th Plan provides an opportunity to restructure policies to achieve a new vision based on faster, more broad - based and inclusive growth. It is designed to reduce poverty and focus on bridging the various divides that continue to fragment our society.
The 11th Plan must aim at putting the economy on a sustainable growth