How India's latest monsoon is affecting the economy

 

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"A stronger monsoon should drive up rural income and add to the already favorable tailwinds to consumption. Our panel raised their GDP forecast by 0.1 percentage points this month and now see the economy expanding 7.6% in FY 2016. For FY 2017, the panel sees growth stable at the robust pace of 7.6%." - Angela Bouzanis, India Senior Economist

Date: October 24, 2016

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