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World Biz  |  JANUARY 30, 2016 1:17PM

Indian economy can grow 8% in coming fiscal year

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India EconomyThe Indian economy can grow by 8% in the coming fiscal year as long as there is a favourable monsoon after two years of drought, deputy finance minister Jayant Sinha said on Saturday.

Speaking on the sidelines of the Economic Times Global Business Summit, Sinha said that a favourable rainy season could add between 0.5 and 1 percentage point to growth in Asia’s third-largest economy.



 
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