New Delhi: India is expected to clock a gross domestic product (GDP) growth of nearly 8% this fiscal on the back of good monsoon rains, economic affairs secretary Shaktikanta Das said on Saturday. “Last year, we achieved 7.6 per cent growth on the back of failure of two monsoons. This year monsoon rains have been good. On international arbitration, Das said structural bias in favour of developed nations must end and developing nations should build capacity instead of playing victim. He stressed on the need for striking an optimal balance between public good and private commercial requirements in the context of investment agreements.

Source: Mint August 27, 2016 16:52 UTC