NEW DELHI India should aim for an 8 percent average economic growth over the next five years beginning April 2012, Montek Singh Ahluwalia, deputy chairman of the planning commission, said on Wednesday.
He said mounting uncertainties in the global economy have increased risks to India's economic growth.
"There is merit in being realistic," he said.
India's economy is battling its worst slowdown in a decade. Economic growth for the current fiscal year that ends in March is forecast to be 5.7-5.9 percent, the slowest since 2002/03.
(Reporting by Arup Roychoudhury; Editing by Subhranshu Sahu)
Trending On Reuters
Prime Minister Narendra Modi will let anÂ executive order making it easier for businesses to buy land lapse on Monday after failing to win support from opposition parties in a major blow to his economic reform agenda. Full Article