ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Approach Paper to the Eleventh Five-Year Plan

The growth forecast for 2007-12 in the draft approach paper to the Eleventh Plan is based on unrealistic levels of private investment and productivity growth. The Planning Commission also seems unaware that the current growth strategy's resemblance to the Japanese consumption boom of 1986-92 is more than superficial. Thus, there are strong instability risks attached to the strategy currently pursued, with a very real threat of a prolonged asset deflation.

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