GDP growth in 2016-17 to cross 8%, says Panagariya

NEW DELHI: India’s economic growth will cross the 8% mark this fiscal on the back of good monsoon and pick-up in manufacturing, NITI Aayog vice-chairman Arvind Panagariya

NEW DELHI: India’s economic growth will cross the 8% mark this fiscal on the back of good monsoon and pick-up in manufacturing, NITI Aayog vice-chairman Arvind Panagariya said. “Good monsoon will push farm sector growth to 4% to 5% this year.” The growth in the last quarter of the previous fiscal touched 7.9% because of uptick in manufacturing activity and improved performance of agriculture sector, he added.

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