August 13, 2009
Rains to thwart India farm growth aim
A delayed monsoon and patchy rains will limit India's farm output growth to 2 percent, half of its 4 percent target for the current fiscal year ending March 31, a member of the Prime Minister's Economic Advisory Council said Wednesday (August 12).
"At best, farm output could grow 2 percent and I expect overall economic growth between 5.8 percent and 6 percent," Vijay Shankar Vyas told Dow Jones Newswires.
India aimed to expand its farm output 4 percent, which would have helped the economy grow between 6.25 percent and 7.75 percent this fiscal year.
