India will have to take some tough and difficult decisions to achieve the proposed 9 per cent growth rate during the next plan period, from April 2012 to March 2017, Prime Minister Manmohan Singh said.
Speaking at the meeting of the full Planning Commission, Mr. Singh also said that the second generation reforms would be difficult to achieve and necessitate broad-based national consensus.
After chairing a meeting of the full Planning Commission, Mr. Singh said, “It is our hope that we should generate a broad climate in which all political parties can unite to push forward an agenda that is in broad national interest.”
The Planning Commission settled on the 9 per cent growth target, instead of previously suggested growth target of 9-9.5 per cent because of uncertain conditions in the global economy plus challenges at home.
However, Mr. Singh said that the growth rate target during the five-year period could grow to 9.2 per cent.
Mr. Singh also stated that health, education and infrastructure would be given more preference than other sectors.