The 12th Five Year Plan aims at a growth rate of 8.2 per cent for the Plan period (2012–17). Growth at this pace is the minimum necessary. Indeed, India needs to grow even faster, at a sustained double digit pace, if it has to pull hundreds of millions of people out of poverty.
The India growth story has all the ingredients to deliver on this promise. 70. But the India growth story is not inevitable. It will not materialize in the absence of vigorous and purposeful structural and governance reforms. It is those reforms that must continue to engage our attention.