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India to give top priority to monsoon impact

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NEW DELHI (Commodity Online) : Indian finance minister Pranab Mukherjee Tuesday said the Indian economy seems to have weathered the global financial storm and mitigating the impact of deficient monsoon is a top priority for now.

Speaking at a private programme here, he said, “At this juncture, delayed monsoon has impacted many parts of the agrarian economy...mitigating the impact of deficient monsoon is a high priority".

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He said the process of economic reforms, which began in early 1990s, would continue in the right earnest so that the economy returns to a growth of over 9 percent at the earliest.

The economic growth would continue to go up unless there were some unprecedented events, he added.

The economy will grow at around 6 percent in the current financial year that began in April 2009, he said.





MCX SUGARMKOL EX - KOLHAPUR 20 June 2012 contract was trading at Rs 2910 . What's your view on it?
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