India's monsoon rains seen above average in 2016

India's crucial monsoon rains are expected to be above average in 2016, the weather office said on Tuesday, easing fears over farm and economic growth after two straight droughts hit rural incomes and agricultural output. SOUMYA KANTI GHOSH, CHIEF ECONOMIC ADVISER, STATE BANK OF INDIA, MUMBAI: "If the second forecast is larger than the first, which is usually the trend, then it will have a bigger positive impact on growth and inflation. Better monsoons will mean greater purchasing power for rura