Sunday 1 September 2013

Indian Economy, Indian Economy Bits, APPSC Group -1 Indian Economy material, APPSC Group-1 Indian Economy Bits, Group-1 Priliminary Bits, Group-2 Indian Economy Bits, General studies Economy Bits, 12 th Five year Plan(2012-17),Group-2 Paper 3



12th Five Year Plan (2012-17)

The main theme of the 12th Plan is ‘faster, sustainable and more inclusive growth’.

Keeping in view of the slowdown of the economy in the recent past, the overall growth target of 9% originally envisaged by the GoI for the 12th Plan has been revised to 8.2%.

Accordingly, the sectoral growths targets have been revised as follows.
Agriculture to 4%,
Industry to 8.1%  
Services sectors to 9.1%.

The 12th Plan document outlined the following 25 most important monitorable indicators.

Economic Growth

1. Real GDP Growth Rate of 8.2 per cent.
2. Agriculture Growth Rate of 4.0 per cent.
3. Manufacturing Growth Rate of 10.0 per cent.
4. Every State must have a higher average growth rate in the XII Plan than that achieved in the Eleventh Plan.

Poverty and Employment

5. Head-count ratio of consumption poverty to be reduced by 10 percentage points over the preceding estimates by the end of XII Plan.

6. Generate 50 million new work opportunities in the non-farm sector and provide skill certification to equivalent numbers during the XII Plan.

Education
7 Mean Years of Schooling to increase to seven years by the end of XII Plan.

8 Enhance access to higher education by creating two million additional seats for each age cohort aligned to the skill needs of the economy.

9 Eliminate gender and social gap in school enrolment (that is, between girls and boys, and between SCs, STs, Muslims and the rest of the population) by the end of XII Plan.

Health
10. Reduce IMR to 25 and MMR to 1 per 1000 live births, and improve Child Sex Ratio (0-6 years) to 950 by the end of the XII Plan.

11. Reduce Total Fertility Rate to 2.1 by the end of XII Plan.

12. Reduce under-nutrition among children aged 0-3 years to half of the NFHS-3 levels by the end of XII Plan.

Infrastructure

13. Increase investment in infrastructure as a percentage of GDP to 9 per cent by the end of XII Plan.

14. Increase the Gross Irrigated Area from 90 million hectare to 103 million hectare by the end of XII Plan.

15. Provide electricity to all villages and reduce AT&C losses to 20 per cent by the end of XII Plan.

16. Connect all villages with all-weather roads by the end of XII Plan.

17 Upgrade national and state highways to the minimum two-lane standard by the end of XII Plan.

18. Complete Eastern and Western Dedicated Freight Corridors by the end of XII Plan.

19. Increase rural tele-density to 70 per cent by the end of XII Plan.

20. Ensure 50 per cent of rural population has access to 55 LPCD piped drinking water supply and 50 per cent of gram panchayats achieve the Nirmal Gram Status by the end of XII Plan.

Environment and Sustainability
21. Increase green cover (as measured by satellite imagery) by 1 million hectare every year during the XII Plan.

22. Add 30000 MW of renewable energy capacity in the XII Plan.

23. Reduce emission intensity of GDP in line with the target of 20 per cent to 25 per cent reduction by 2020 over 2005 levels.

Service Delivery

24. Provide access to banking services to 90 per cent Indian households by the end of XII Plan

25. Major subsidies and welfare related beneficiary payments to be shifted to a direct cash transfer by the end of the XII Plan, using the Aadhar platform with linked bank accounts