Comments on the Draft Approach to the 12th Five Year Plan of India

Abstract

In this critique of the Planning Commission’s draft Approach to the 12th Five Year Plan, we focus on two key aspects of the Indian economy – its rapidly declining education system, and its lack of a robust intellectual property system. If India is to maintain its economic growth these two systems must be overhauled thoroughly and quickly. We reason, barring a miracle, that India has no reasonable chance of becoming a country with the third largest GDP in the world in the coming two decades.

Keywords: India, five year plan, planning commission, education, intellectual property