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Five-year annual growth target of 8% is ambitious: PM

New Delhi, Dec 27: Prime Minister Manmohan Singh has termed India's economic annual economic growth target of 8 per cent for the next five years as "ambitious."Montek Singh Ahluwalia, deputy chairman of the planning commission
India TV Business Desk December 27, 2012 11:09 IST
India TV Business Desk
New Delhi, Dec 27: Prime Minister Manmohan Singh has termed India's economic annual economic growth target of 8 per cent for the next five years as "ambitious."



Montek Singh Ahluwalia, deputy chairman of the planning commission said the country is battling the worst slowdown in a decade and it should aim for an 8 per cent average growth over the next five years starting April 2012.
 
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.