Planning Commission Deputy Chairman Montek Singh Ahluwalia today said in Mumbai thatIndia was on target to achieve an average nine per cent growth for five years, despite a slowdown this year.

“Even if we are slowing down, the country can achieve an average nine per cent growth for five years,” Ahluwalia said.

Observing that there has been a lot of turmoil in global markets, Ahluwalia said this will have some impact on the country.

“Around the world, we have seen huge increases in fuel, food and commodity prices. Our performance has been better than others,” Ahluwalia also said.