India FY16 GDP Growth to be Better Than FY15, Subramanian Says

India is still a recovering economy, Chief Economic Adviser Arvind Subramanian says in New Delhi.

  • Growth would have been higher if monsoon was normal: Subramanian
  • GDP growth despite of decline in agricultural growth; manufacturing growth shows India creating jobs, Finance Secretary Rajiv Mehrishi says
  • NOTE: India Jan.-March qtr GDP growth expands 7.5% y/y; est. +7.3%; economy for fiscal yr ended March 31 expands 7.3% y/y Link
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  • India Misses Chance to Outpace China as Growth Lags

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