(a) whether the Planning Commission has projected a GDP growth of 10 per cent
for the Eleventh Five Year Plan in its mid-term appraisal of the Tenth Five
Year Plan;
(b) if so, the details thereof;
(c) whether the Commission has also identified factors which might hinder the growth process; and
(d) if so, the details thereof and the steps taken/proposed to be taken in this regard?
MINISTER OF STATE IN THE MINISTRY OF PLANNING (SHRI M.V. RAJASEKHARAN)
(a) to (d) : A Statement is laid on the Table of the House.
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (d) OF LOK
SABHA STARRED QUESTION NO. 316 REGARDING GDP GROWTH
RATE BY SHRIMATI D. PURANDESWARI AND MS. INGRID MCLEOD,
DUE FOR ANSWER ON 14-12-2005.
(a): No, Sir. The Mid-Term Appraisal of the Tenth Plan has not projected a growth
rate of 10 per cent for the Eleventh Five Year Plan.
(b): Does not arise.
(c) & (d) : The factors that might hinder the growth process include the performance
of agriculture sector on account of vagaries of monsoon, infrastructure bottlenecks,
rising prices of oil in international market, inadequate investment demand, lower
public investment and slowdown in the world economy. The Mid-Term Appraisal to
the Tenth Plan has suggested a number of measures to raise the level of per capita
income in the country by achieving over 7 percent growth rate of GDP in the
remaining years of the Tenth Plan. Some of these include raising public investment in
different sectors particularly in agriculture, infrastructure, viz. power, roads, greater focus on health and education, improving allocative efficiency of resources, enacting
policy reforms with a view to creating an investor friendly environment, improving
governance and enhancing the efficiency of delivery systems, etc. The details of the
measures suggested are listed in the Mid-Term Appraisal of the Tenth Five Year Plan
(2002-2007), which has been placed in the Parliament library.