Millennium Post

‘$500-bn private investment must for 8% growth’

India will not be able to achieve the targetted 8 per cent annual average economic growth in 12th Plan (2012-17) if private sector does not invest half of the envisaged USD one trillion dollar in infrastructure during the period, Plan panel Deputy Chairman Montek Singh Ahluwalia said here on Monday.

'This (8 per cent annual average economic growth rate in 12th Plan) will not happen if roughly 50 per cent (of investment target of USD one trillion) cannot come from private sector', he said addressing a FICCI conference here

Planning Commission has envisaged an investment of around USD one trillion in the 12th Five Plan with half of it coming from the private sector and set an average annual growth rate target of 8 per cent in the five year period.
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