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Monsoon fears misplaced, foreign investors' interest not lost: Arun Jaitley

Finance Minister Arun Jaitley on Thursday said foreign investors have not lost interest in India and the concerns over forecast of weak monsoon were "misplaced"

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New Delhi: Finance Minister Arun Jaitley on Thursday said foreign investors have not lost interest in India and the concerns over forecast of weak monsoon were "misplaced". Talking to media persons here, Jaitley said the forecast of deficit rain during the monsoon this year will not have any significant impact on food production owing to geographical distribution of the rainfall.

He said the forecast of rainfall appears to be on closer side of normal in south and central India and in the northeast, and there was "slight inadequacy, if at all" in the northwest. Jaitley, however, noted that a large part of northwestern India, including Punjab, Haryana and Uttar Pradesh, has substantial irrigation facility. "On account of geographical distribution, the impact on food grain production may not be very significant.

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