NDC approves 12th Five Year Plan document with 8% growth target

by Paul Joseph on December 28, 2012 · 0 comments

The National Development Council (NDC) on Thursday approved the 12th Five Year Plan Document with a lower growth target of 8 per cent. The Planning Commission had suggested a cut of 0.2 per cent in growth target for the running Five Year Plan, from 8.2 per cent to 8 per cent. The Planning Commission had decided to drag down the growth target due to weak global economic signals. It was the second time when the Planning Commission slashed its growth projection for the economy. Earlier in September, it had lowered its growth estimate from 9 per cent to 8.2 per cent. read more

[via Stock Watch - Stock Specific News]

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