12th Five Year Plan : Success and Failures of Sectoral Issues

12th five year plan started on april 1, 2012 and covers the five year period 2012-17. According to the 12th plan document, the plan has commenced in circumstances which are less favourable than at the start of the 11th plan in 2007-08. “At that time the, the economy was growing robustly, the macroeconomic balance was improving and global economic developments were supportive. The situation today is much more difficult. The global economy is going through what looks like a prolonged slowdown. The domestic economy has also run up against several internal constraints. Macro economic in balances have surfaced following the fiscal expansive undertaken after 2008 to give a fiscal stimulus to the economy. Inflationary pressures have built up. Major investment projects in energy and transport have slowed down because of a variety of implementation problems”