11. TWELFTH FIVE YEAR PLAN (2012-17) – A WAY FORWARD
Backdrop: The Eleventh Five Year Plan (2007-12) is nearing completion and the State along with the Nation is gearing up for the launch of the 12th Five Year Plan slated to commence from the 1st April, 2012. Andhra Pradesh State, keeping its surge in the economy in the past few years, especially after 2004-05, had fixed the growth target to be 9.5% during the 11th Five Year Plan. The achievement although falls short of the target like its All-India counterpart, is none the less encouraging. With an average annual growth of 8.33% for the 11th Plan (2007-08 to 2011-12) even surpassed the All-India’s growth rate of 7.94% during the same period. With the fairly decent growth experience behind, the Nation is poised to make yet another impressive mark during the 12th Five Year Plan and has come out with an approach paper with the likely strategies and disaggregated sectoral growth targets. 12th Five Year Plan(2012-17): The main goal of the 12th Plan would be ‘faster, sustainable and more inclusive growth’. The Government of India had initiated a structured process for preparing its approach paper for 12th Five Year Plan by involving the civil society and NGOs, seeking their inputs, suggestions and experiences in identifying challenges and areas that require special focus. The Central Government had released its draft approach paper for the 12th Plan and placed it for discussion in the NDC meeting. An overall growth target of 9% is envisaged by the GoI for the 12th Plan with sectoral targets for Agriculture, Industry and Services sectors as 4%, 9.6% and 10% respectively with probable inflation ranging somewhere between 4.5% and 5% for the plan period. 235 One important feature of the growth experienced in the Eleventh Plan, which is relevant for inclusiveness, is that high rates of economic growth have been more broadly shared than ever before across the States. Andhra Pradesh – Preparations for 12th Plan: In line...
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