Mid Term Appraisal of the Ninth Five Year Plan (1997 - 2002)

Abstract

Growth rate of GDP during the first three years of the Plan is estimated to be 6.2 per cent per annum on an average as against a target of 6.5 per cent. Significant shortages in growth performance have been recorded in Agriculture, Mining & Quarrying and Manufacturing sectors, while Construction, Communications, Public Administration & Community Services have exceeded the targets. Both domestic savings and investment have fallen short of targets by over 5 per cent. The entire shortfalls are in the public sector, where public savings has recorded a shortfall of 70 per cent and public investment a shortfall of 23 per cent.