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Overview of the 12th Five Year Plan (2012 - 2017)

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Presentation on the 12th Five Year Plan (2012 - 2017) of India

  • Thank you soo much. Saved me a lot of time.
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  • PLANNING ARE VERY GOOD FOR COMMON MAN OF INDIA. BUT THE IMPLEMENT ION CRITERIA ARE NOT SATISFACTORY. MANY CSC ARE FULLY EQUIPPED WITH INFRASTRUCTURE FROM LAST 05 YEARS. BUT WITH OUT FUNCTIONAL THEY ARE JUST WAITING THE SERVICE AND NOTHING EXPECT THE PHOTO OF OFFICIALS AND CELEBRATION OF SUCCESS. OF STORY WRITING OF THE SCHEME.
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  • Nice planning........but need solid implementation
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  • Please also check the work of Biaf...

    http://www.slideshare.net/copppldsecretariat/ingp33-note
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  • Wow Good Road Map i think Planning Commission of India Entered world of Web 2.0 :) super
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Overview of the 12th Five Year Plan (2012 - 2017)

  1. 1. What Next forFaster, More Inclusive and Sustainable Growth 1
  2. 2. Twelfth Plan Strategy• There are Short Term and Medium Term Challenges• Short Term : Reverse the current growth slowdown : 5.5 percent in 2012-13, Aim for 6.5 to 7 percent in 2013-14• Longer Term : Get back to high growth. This requires accelerating from 5.5% in 2012-13 to over 9% in last two years• This is very difficult, especially given the global situation 2
  3. 3. Growth must not only be rapid, but also more inclusive• Inclusiveness is a multi-dimensional concept :  Reduce poverty  Improve regional equality across states and within states  Improve conditions for SCs, STs, OBCs, Minorities  Generate attractive employment opportunities for youth  Close gender gaps• Twelfth Plan lists 25 monitorable indicators 3
  4. 4. 25 Monitorable Targets, e.g.• Average GDP Growth of 8 percent• Agriculture Growth of 4 percent• Reducing head-count poverty by 10 percentage point• Generating 50 million work opportunities• Eliminating gender and social gap in education• Reducing IMR to 25, MMR to 100 and TFR to 2.1• Enhance infrastructure investment to 9% of GDP• Achieve universal road connectivity and access to power for all villages• Access to banking services for 90 percent households• Major welfare benefits and subsidies via Aadhaar 4
  5. 5. Strategy for Achieving Inclusiveness• There are two routes to inclusiveness  through higher growth which expands income and employment opportunities  through government pro-poor programmes which target poorer groups• Both are important. Twelfth Plan combines the pro-poor programme approach with efforts to get a growth pattern which is faster and inherently more inclusive• Two routes are mutually reinforcing  High growth generates more revenues, to finance inclusiveness programmes  Many inclusiveness programmes (health and education) contribute to growth 5
  6. 6. Macro-Economic Challenges in Achieving High Growth• Must increase the rate of investment, especially in infrastructure• Domestic savings must increase even more to reduce the investment saving gap which is necessary to keep the Current Account Deficit under control• Government dis-savings must be eliminated. This means fiscal deficit must be reduced• Growth of subsidies has to be contained• 75% of the investment in the economy is private investment (household plus corporate)• Both the Centre and the States have to create an eco-system that encourages private investment• Infrastructure, especially quality of power, and availability of skills is critical 6
  7. 7. Effectiveness of Plan Programmes• Twelfth Plan sets ambitious targets for Flagship Programmes in areas of Health, Education, Rural infrastructure, Livelihood Development etc.• Too much focus on the level of expenditure in these programmes. Not enough on effectiveness in terms of end results• Implementation in the field is the responsibility of State Government agencies. However, programme guidelines are set by the Central Government• There are demands for greater flexibility from states. We are responding as follows :  Guidelines are being made more flexible to meet the requirements of individual States  10% flexi-fund within each scheme for innovations 7
  8. 8. Energy• 8 percent GDP growth requires 6 percent growth in energy supply from all sources• Our fossil fuel resources are limited, and our import dependence is already high• Enhanced Energy Efficiency in all sectors• We need to push push for renewable Energy: Wind, Solar and Storage Hydro• Difficult Policy Issues:  Coal vs. Forest Cover  Petroleum Price Distortions  Natural Gas Exploration Framework  All Energy Prices: Coal, Petroleum product, Natural Gas and Electric power are currently under priced. Fuel adjustment is needed 8
  9. 9. Water• Management of water resource is a major challenge. Estimates of water availability have been optimistic• Twelfth Plan proposes modified AIBP and expanded Watershed Management Programme• Water sector needs better Regulatory Framework  New Groundwater Law  Water Regulatory Authorities in each state  National Water Framework Law• Agriculture accounts for 80% of water use at present, must shift to more water efficient agriculture practices• Manage urban and industrial water demand through water recycling and rationalise user charges 9
  10. 10. Alternative Scenarios• 12th Plan goal of 8% inclusivve growth is not a foregone conclusion• Depends on difficult policy decisions to be taken by Centre and States• For the first time Plan presents three scenarios Strong Inclusive Growth 8% Insufficient Action 6 to 6.5% Policy logjam 5 to 5.5%• Anything much less than 8% will not satisfy aspirations of the people 10
  11. 11. Thank You

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