NEW DELHI The Indian economy can grow by 8 percent 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.
(Reporting by Douglas Busvine; Editing by Jacqueline Wong)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Updated Date: Jan 30, 2016 12:45 PM