FM expects better growth outlook for sweet spot India
6 July 2016 4:16 AM IST
“This time, it looks like rains are going to be good and India can grow very well. There are signs (for that),” he said, addressing the first national minerals and mining conclave here.
India clocked 7.6 per cent growth rate in 2015-16 when there was a global slowdown, and deficient rainfall for two years in a row, he said.
Jaitley said India is a “sweet spot” in the global economy and “growth outlook looks much better with indications of good rains this year”.
He added at a time when the global economy is slow, India is an example with its higher growth rate.
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