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Growth outlook better with signs of good rains: FM

businesspaper Updated: Jul 05, 2016, 08:53 IST

RAIPUR: Calling India a “sweet spot” in the global economy, finance minister Arun Jaitley on Monday said growth outlook this year looks much better with indications of good rains. “This time, it looks like rains are going to be good and India can grow very well. There are signs (for that),” he said while addressing a conference here. India clocked 7.6% growth rate in 2015-16 when there was a global slowdown, and deficient rainfall for two years in a row, he said.

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