New Delhi, 12 November: Exuding confidence about India’s potential, Planning Commission deputy chairman Montek Singh Ahluwalia today said the economy will get back on the targeted growth trajectory of eight per cent after two years.
“I think we can hit what we thought was our trajectory two years later because of the slowdown that we have,” Mr Ahluwalia told reporters at the 34th SKOCH Summit here.
The economy expanded at a decade-low rate of five per cent in the first year of the 12th Plan (2012-17) period, during which the government has targeted an annual average growth rate of eight per cent.
In the April-June quarter of the current financial year, economic growth slowed to 4.4 per cent, compared with 4.8 per cent during January-March period of this year. pti