Monsoon to escalate economic growth by 8 percent
Posted on: 28/Jul/2016 10:21:39 AM
That sounds really interesting and something unconventional for a lay man or women to hear about. Yes, monsoon has been playing a vital role in the decision factor of economical panorama and now it all looks positive for the country as we hear it from NITI Aayog Vice Chairman Arvind Panagariya. In a recent interaction with media channels that was held yesterday (July 27), he uttered that if the monsoon continues to be the same favourable and good scenario, it will surely help in the escalation of economic growth by 8 percent.
Adding more during the meet, he cited, In the past couple of years, there has been a scarce growth of mushroom plantations due to the adverse monsoon conditions, which indeed gave a decorous status of 7.5 percent economic growth. This year in accordance to the prediction by weather reports, the monsoon fall is expected to be more than usual terms, which will give an apparent economic growth of 8 percent.
According to the current reports, the economic growth in the span of Jan-March, this year is marked as 7.9 percent and this is something that hadn’t been occurring in the past 5 years.
