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Introduction
The Twelfth Plan commenced at a time when the global economy was going through a second
financial crisis, precipitated by the sovereign debt problems of the Eurozone which erupted in the
last year of the Eleventh Plan. The crisis affected all countries including India. Our growth
slowed down to 6.2 percent in 2011-12 and the deceleration continued into the first year of the
Twelfth Plan, when the economy is estimated to have grown by only 5 percent . The Twelfth
Plan therefore emphasizes that our first priority must be to bring the economy back to rapid
growth while ensuring that the growth is both inclusive and sustainable. The broad vision and
aspirations which the Twelfth Plan seeks to fulfil are reflected in the subtitle: ‘Faster,
Sustainable, and More Inclusive Growth’. Inclusiveness is to be achieved through poverty
reduction, promoting group equality and regional balance, reducing inequality, empowering
people etc whereas sustainability includes ensuring environmental sustainability ,development of
human capital through improved health, education, skill development, nutrition, information
technology etc and development of institutional capabilities , infrastructure like power
telecommunication, roads, transport etc.
On 4th October, the government of India approved the 12th five year plan (2012-17) that aims
to achieve annual average economic growth rate of 8.2 per cent, down from 9 per cent
(Eleventh plan 2007-12). The aim of the 12th Five Year plan is to achieve “faster, sustainable
and more inclusive growth”.
Faster
Inclusive
Sustainable
Objectives of the Twelfth Five-Year Plan
Managing Urbanization
ECONOMIC GROWTH
Poverty rate to be reduced by 10% than the rate at the end of 11th plan.
5 Crore new work opportunities and skill certifications in non-farm sector.
EDUCATION
INFRASTRUCTURE
SERVICE DELIVERY
In order to achieve greater inclusion growth, the Commission has given stress on better farm
sector performance with a growth of at least 4 per cent faster creation of jobs, consolidated and
stronger efforts health, education and skill development and also on attaining greater
effectiveness of the programmes designed for poor.
In earlier plans, targets and objectives of the plan were finalized jointly by the centre and states.
But for the Twelfth Plan the Commission has sought to develop an inclusive and participative
approach to the entire planning process.
Thus with the idea to make it much more inclusive, the commission has evolved a web based
consultative process in which all interested citizens and stakeholders can participate and share
their views and suggestions on a multi-dimensional strategy matrix that has been created
indicating some key areas which need to be developed.
Thus the planning process followed by the commission for finalising Twelfth Plan has some new
directions in certain respects.