Draft Mid-Term Appraisal of the Eighth Five Year Plan 1992-97

Abstract

The set-backs suffered by the economy in 1990-91 and 1991-92 were taken into account while formulating the Eighth Plan. Thus the growth target (5.6 per cent p.a.) and the macroeconomic parameters were set at relatively conservative levels. A step up in the investment rate was considered necessary for attaining full-employment by 2002.