Normal rain in fiscal 2017 will give agriculture a one-time growth kicker because of the low-base effect of the last two years
The Organisation for Economic Co-operation and Development, while trimming its global growth outlook for 2016, pointed out the need for urgent policy response—of supportive monetary and fiscal policies—and structural reforms to preserve global growth. One can argue that India, despite being the fastest-growing major economy in the world, also needs these.
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