Why The Government Needs Probabilistic Thinkers?
The Planning Commission has embraced a forecasting technique that was made famous by energy company Shell—Scenario Planning.
In its draft 12th Five-Year Plan (2012-17) released on Wednesday, the national planning body has outlined three growth scenarios. They make for sober reading.
- The third scenario is of a policy logjam. Growth would then drift down to 5-5.5%.........Read More