Niti Aayog Vice-Chairman Arvind Panagariya said the impact of reforms has been still not seen.
New Delhi: A good monsoon, reforms and timely decision-making at the Centre will definitely push India's growth beyond the eight per cent mark in subsequent quarters of this fiscal year, Niti Aayog Vice-Chairman Arvind Panagariya has said.
"I am confident that it (GDP number) will be over 8 per cent in subsequent quarters (this fiscal)," Mr Panagariya said.
Elaborating, he said, "This will happen because there will be impact of reforms also (besides a good monsoon). We still have not seen (the impact of reforms). There were serious governance issues earlier. Projects were stuck. The decisions were not taken at the Centre."
India's growth rate slipped to a six-quarter low of 7.1 per cent in April-June due to subdued performance of the mining, construction and farm sectors.
The figure was 7.9 per cent in January-March. Last year, Indian economy expanded by 7.5 per cent in the April-June quarter.
Admitting that the 7.1 per cent is a slight dampener in the first quarter, he said, "It was slightly lower than my expectations. First quarter data did not have any impact of the good monsoon this year."
India's food grain output is estimated to rise by 9 per cent to an all-time high of 135.03 million tonnes in the kharif season (summer sown) of 2016-17 on record output of rice and pulses following bountiful rains.
Food grain production stood at 124.01 million tonnes (MT) in the kharif season of 2015-16 crop year (July-June).
Higher output of pulses will also help soften retail prices, which have remained a sticking point.
The country's overall food grain production had fallen to around 252 MT in each of the previous two full crop years - including kharif and rabi - due to two consecutive years of drought.
"I am confident that it (GDP number) will be over 8 per cent in subsequent quarters (this fiscal)," Mr Panagariya said.
Elaborating, he said, "This will happen because there will be impact of reforms also (besides a good monsoon). We still have not seen (the impact of reforms). There were serious governance issues earlier. Projects were stuck. The decisions were not taken at the Centre."
India's growth rate slipped to a six-quarter low of 7.1 per cent in April-June due to subdued performance of the mining, construction and farm sectors.
The figure was 7.9 per cent in January-March. Last year, Indian economy expanded by 7.5 per cent in the April-June quarter.
Admitting that the 7.1 per cent is a slight dampener in the first quarter, he said, "It was slightly lower than my expectations. First quarter data did not have any impact of the good monsoon this year."
India's food grain output is estimated to rise by 9 per cent to an all-time high of 135.03 million tonnes in the kharif season (summer sown) of 2016-17 on record output of rice and pulses following bountiful rains.
Food grain production stood at 124.01 million tonnes (MT) in the kharif season of 2015-16 crop year (July-June).
Higher output of pulses will also help soften retail prices, which have remained a sticking point.
The country's overall food grain production had fallen to around 252 MT in each of the previous two full crop years - including kharif and rabi - due to two consecutive years of drought.
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