LordOfMud Posted April 14, 2016 Report Posted April 14, 2016 India may grow at a faster pace in 2016 if the latest predictions of higher rainfall in the country hold up, Finance Minister Arun Jaitley for International Peace event in Washington on Wednesday. India is currently expected to grow at 7.5% in 2016 However, Arun Jaitley also said that 7.5% growth is not enough as per its own requirement standard. He added that the country has the "potential" to do "better". Expressing concern over the decline in India's exports, Jaitley said the country's growth parameters were on track and the government is moving ahead on its reform agenda with inclusiveness and successfully meeting all its fiscal parameters. Latest forecasts predict above-average rainfall in India in 2016. A good monsoon season is important to farm output in India, the world's second-biggest producer of rice, wheat, sugar and cotton. (FYI India's Cotton is a cheap quality cotton, its called short seed cotton ) predictions of higher rainfall in the country Quote
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