The Planning Commission of India is likely to revise the 11th Five Year Plan targets, as it gears up for mid-term assessment of goals next year in view of impact on the economy due to global financial crisis, report media.
Kirit Parikh, Planning Commission Member, is quoted to have said some moderation might be required in the 11th Five Year plan targets, because two years or one-and-half years of growth was lost due to slowdown. However, he added that there would not be a radical overhaul.
While commenting on the country's growth rate that has been hit during the current fiscal year, Parikh is confident of achieving over 6% growth rate, which could further grow by additional one percent due to stimulus measures taken by the government.
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