Indian History

Twelfth Five Year Plan

The period of Twelfth Five Year Plan was 2012-17. The Twelfth Five-Year Plan of the Government of India has been decided to achieve a growth rate of 8.2% but the National Development Council (NDC) on 27 December 2012 approved a growth rate of 8% for the Twelfth Five-Year Plan. Seeks to achieve Agriculture growth at 4%. Manufacturing growth at 10%.Every state must attain higher growth rate than the rate achieved during 11th plan.

Reduce Infant mortality rate to 25; MMR to 1. Increase Child Sex Ratio to 950. Reduce Total Fertility Rate to 2.1. Reduce under nutrition of children in age group 0-3 to half of NFHS-3 levels. Gross Irrigated Area 103 million hectare (from 90 million hectare). Electricity to all villages. Connect Villages with All Weather Roads. 40 Litres Per Capita Per Day Drinking Water to 50% of rural population; Nirmal Gram Status to 50% of all Gram Panchayats. Increase infrastructrure investment to 9% of GDP.

Emission intensity of GDP to be reduced to 20-25% of 2005 levels by 2020. Banking Services to 90% of Indian Households. Subsidies and Welfare related payment to be routed through Aadhar based Direct Cash Transfer Scheme. The government intends to reduce poverty by 10% during the 12th Five-Year Plan.

Growth rate of 9 per cent is targeted for the Plan. It emphasizes the need to intensify efforts to have 4 per cent average growth in the agriculture sector during the Plan period; with foodgrains growing at about 2 per cent per year and non-food grains (notably, horticulture, livestock, dairying, poultry and fisheries) growing at 5% to 6%.

For the GDP to grow at 9 per cent, commercial energy supplies will have to grow at a rate between 6.5 and 7 per cent per year. Since India’s domestic energy supplies are limited, dependence upon imports will increase. Import dependence in the case of petroleum has always been high and is projected to be 80 per cent in the Twelfth Plan.

It draws attention to evolving a holistic water management policy aiming at more efficient conservation of water and also in water use efficiency, particularly in the field of agriculture. It takes cognizance of the fact that achieving 9 per cent growth will require large investments in infrastructure sector development—notes greater momentum to public investment and Public Private Partnerships(PPPs) in infrastructure sector needs to be imparted so that present infrastructure shortages can be addressed early.

It has emphasised the importance of the process of fiscal correction. However, the paper cautions that fiscal consolidation would imply that total resources available for the Plan in the short run will be limited. Resource limitations imply the need to prioritise carefully and that some priority areas, e.g., health, education and infrastructure will have to be funded more than others.