The impact of uncertainty in global economic situation will make it difficult to sticking to the target of 9 per cent average annual GDP growth rate during the twelfth Five Year Plan, Minister of State for Planning Ashwani Kumar admitted.

In a written reply to Rajya Sabha, the minister of state for planning said, "The global economic situation continues to be uncertain. It will therefore be difficult to stay with the earlier target of 9 per cent average annual GDP growth rate during the 12th Plan.”

The target of 9 per cent average annual GDP growth rate for the twelfth plan (2012 to 2017) was set by National Development Council (NDC) last year. National Development Council, which is chaired by the Prime Minister and all chief ministers and cabinet ministers on board, is the country's apex planning body.

The minister the negative impact of the global economic environment on the domestic economy reflected in the 6.5 per cent growth rate in 2011-12, and just 5.3 per cent growth in the Jan-March quarter.

He added that the Planning Commission would review growth feasibility in course of time.

In a recent internal meeting of the Commission, most of the members suggested a range of 8.2-9 per cent annual average economic growth rate. Once, the range is fixed, it will be tabled in the full Planning Commission meet, which is scheduled to be presided over by the Prime Minister on 15th of September.

Indian economy is suffering decline in investor confidence and passive demand, mainly due the government’s inability to remove political logjam that has delayed key reforms.