With reference to the Economic Growth of India in the previous five year plans, which among the following observations is / are correct?
1. The Growth rate in 11th five year plan was less than targeted
2. The growth rate achieved in 11th five year plan was more than the growth achieved in 10th plan
Choose the correct option from the codes given below:
[A]Only 1 is correct
[B]Only 2 is correct
[C]Both 1 & 2 are correct
[D]Neither 1 nor 2 is correct
Both 1 & 2 are correct
India’s economic fundamentals have been improving in many dimensions, and this is reflected in the fact that despite the slowdown in 2011–12,the growth rate of the economy averaged 8 per cent in the Eleventh Plan period. This was lower than the Plan target of 9 per cent, but it was better than the achievement of 7.8 per cent in the Tenth Plan.