Planning Commission approved 10500 crore rupees annual outlay for Assam for fiscal year 2012-13

The Central Planning Commission of India approved 10500 crore rupees annual outlay plan for Assam for the fiscal year 2012-13. The outlay was finalized on 5 June 2012, following a meeting held between the Planning Commission Deputy Chairman Montek Singh Ahluwalia and the Assam Chief Minister Tarun Gogoi in New Delhi.

The CM had made ademand for a total outlay of 14537.33 crore rupees for the current fiscal, 62.51 per cent higher than the approved outlay of 9000 crore rupees for 2011-2012.

The state had registered a 4.81 percent growth in 2007-08, 6.82 percent in 2008-09 and 8.08 percent in 2009-10. The state is expecting a growth of around 9.38 per cent during the 12th Plan period. In terms of sectoral growth, the state is expecting 5.01 per cent growth in agriculture, 12.5 per cent in services and 4.65 per cent in industry.