Implications of the sectoral targets of India's eighth five year plan

Abstract

The paper examines critically the implications of the sectoral targets of income and employment growth coupled with the investment allocations as envisaged in Indias Eighth Five Year Plan. The implications are worked out on the labor income per unit of investment, required economic rate of return on project investments and the rate of total factor productivity growth by sectors. As was the case with the Seventh Five Year Plan, the Eighth Plan also appears to lack consistency.