Twelfth Five Year Plan 2012-2017 and Annual Plan 2012-2013 (Volume - I)

Abstract

Against the target growth rate of 9% for the nation during twelfth five year plan, the state has set its target of 12% which is to be achieved through growth of 9%, 12.0% and 13.75% per annum in primary, secondary and tertiary sector respectively at constant prices of 2004-05 and base of 2004-05. That is the GSDP of the state has to be Rs. 1436152 crore at 2004-05 prices for entire XII Plan period, Rs. 2300976 crore at 2011-12 prices and assuming difference in constant and current price growth rate in 2011-12 as inflation factor will be remain same then GSDP at current prices has to be Rs. 3002641 Crore. To achieve the growth rate of 12% during XII Plan period assuming incremental capital output ratio (ICOR) of 2.5 for primary sector and 4 for secondary and tertiary sector than gross capital formation (capital fixed assets) of the tune of Rs. 1310005 crore to be generated during the plan period. It will be around 43.63% of Gross State Domestic Product at current prices.