Multiple choice

On 6th Sept 2012, India's Plan panel has decided to lower annual average economic growth rate to _________ in the 12th Five Year Plan (2012-17) from earlier average economic growth rate of 9% due to lower economic growth and lack of appropriate policy measures.

  1. 7.4%

  2. 7.8%

  3. 8.2%

  4. 8.5%

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Planning Commission (now NITI Aayog) lowered the annual average economic growth target to 8.2% for the 12th Five Year Plan (2012-2017) from the original 9% target. This revision was due to lower economic growth, global slowdown, and domestic policy bottlenecks that affected the economy.