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Indian economy can grow by 7.5-8 per cent despite deficient monsoon: Bibek Debroy

Industry Economy

According to Niti Aayog member Bibek Debroy, India’s economy could grow by 7.5-8% in FY16 despite deficient monsoon rains as most sectors of the economy has shown an uptick in recent months. Debroy expects economic growth in the second half of the year would outpace that in the first half as recent policy steps and a step-up in public spending would start showing results in the later part of the year. The first quarter GDP data is scheduled to be released on August 28.

Extracted from FE, Aug 19,’15

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