"This time, it looks like rains are going to be good and India can grow very well. There are signs (for that)," he said while addressing a conference here.
India clocked 7.6 per cent growth rate in 2015-16 when there was a global slowdown, and deficient rainfall for two years in a row, he said.
Jaitley said India is a "sweet spot" in the global economy and "growth outlook looks much better with indications of good rains this year".
The chief minister also invited Union Road Transport and Highways and Shipping Minister Nitin Gadkari to become the chief guest on the foundation day of Jharkhand on November 15, the release said.
Gadkari gave his consent to grace the occasion, the release said.
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