The reduction in the average public sector savings rate in the post-global crisis period largely reflects the impact of fiscal stimulus measures as well as the decline in the contribution of non-departmental enterprises. Average investment rate has also declined in the post-crisis period. 22. Notwithstanding the slowdown in recent years, India’s real GDP growth rate has remained among the highest in the world.
As observed by the Prime Minister in his intervention at the meeting of the full Planning Commission on September 15, 2012, “Indian economy ended the Eleventh Plan with some notable achievements. The economy grew at an average annual rate of 7.9 per cent.