12th Five Year Plan - 6963 Words

Analysis of twelfth Five Year Plan 2011 Submitted By: Gautam Chimagundi 2011A08 Leena Khiani 2011A09 Asita Ajgaonkar 2011A14 Rudhreesh Kapur 2011A23 Contents 1.1 Introduction 2 2. Prospects for the Twelfth Plan 2 3. Drivers of Growth in the Twelfth Plan 2 3.1 Macro†Economic Fundamentals 2 3.2 Management and Labour Skills 2 3.3 Aspirational Drivers 2 4. Growth Targets for the Twelfth Plan 2 5. Energy 2 6. Transport 2 6.1 Roads 2 6.2 Railways 2 6.3 Ports 2 6.4 Civil Aviation 2 7. Farm Sector 2 7.1 Water Management 2 7.2 Soil Nutrient Management 2 7.3 Efficiency in Use of Chemical Fertilizers 2 7.4 New Technologies for the Farm Sector 2 8. Livestock and Fisheries 2 8.1 Improving†¦show more content†¦However, each of these needs to be nurtured and built upon with appropriate policy interventions to achieve the desired growth objective. 3.1 Macro†Economic Fundamentals The high rates of investment (over 36 per cent of GDP) and private sector savings (34 per cent of GDP) constitute strong macro†economic fundamentals supporting high growth. However, there has been a slowdown in the pace of increase in private corporate investment, in part due to the uncertainties flowing out of the global crisis and continued difficulties in world markets, and in part due to the rise in global energy and commodities prices. The uncertainties in global markets are expected to continue. Domestic inflationary pressures, particularly as reflected in rising wages, add to the uncertainty in this regard. Until recently, there was also a steady improvement in the government savings in the form of a steady reduction in the revenue deficit. This process was interrupted by the crisis of 2008/09 and the revenue deficit increased sharply thereafter, reflecting the reduction in taxation designed to counter the negative effect of the crisis, and also the decision not to raise oil prices for domestic consumers in line with rising oil prices in global markets. However, the process of restoring fiscal discipline has begun and is projected to be continued in the Twelfth Plan. Indian companies in many sectors have shown capacity for innovation, which needs to be nurtured and strengthened as weShow MoreRelatedEconomic Planning in India4733 Words   |  19 Pagesmembers of the group for their support to finish the project. 1st Five-Year Plan (1951-1956) The 1st five year plan was presented by Jawaharlal Nehru, who was the Prime Minister during that period. It was formulated for the execution of various plans between 1951 1956. The Planning Commission was responsible for working out the plan. 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