16th plan sets economic growth rate target of 7.3 per cent

The economic growth rate of the country is projected to reach 7.3 per cent in the next five years.

A target has been set to make an economic growth rate 7.3 per cent under the goal of the 16th Plan made public by the National Planning Commission here today.

Making a presentation on the 16th Plan, Commission Spokesperson Yamlal Bhoosal said a target has been set to increase the economic growth rate to 7.3 per cent till 2085/86 from 3.9 per cent.

Similarly, the 16th Plan has set a target of increasing per capita income to 2,351 US dollar. As per the goals of the 16th Plan, a target has been set to reduce the population below the poverty line to 12 per cent from 20.3 per cent, as well as consumer inflation rate to five per cent from 7.7 per cent.

Likewise, the plan includes increasing human development index to 0.65 per cent from 0.601 per cent as well as human property index to 78 per cent from 76.3 per cent. The 16th plan has expected to lower down economic and environmental risk index to 24 from 29.7 as well as increase life expectancy to 73 years from 71.3.

A target has been set to increase literacy rate to 85 per cent from 76.2 per cent. Around Rs 11.1 trillion investment has been estimated for the implementation of the 16th plan.