India's 12th Five Year Plan(2012-17)

The 12th Plan (2012—17) is proposing an annual average growth rate of 8.2 %.(The economy recorded a growth rate of 7.9 per cent in the 11th Plan)According to the Prime Minister Manmohan Singh, the 11th Plan growth rate was commendable, “for a period which saw two global crises — one in 2008 and another in 2011”.
The 12th Plan expects reduction in fiscal deficit to about 3-4% of GDP by the end of Plan period.