The economy is projected to grow 7.3 percent in the fiscal year ending March, the highest rate among major global economies. The federal fiscal deficit in 2013/14 was 4.6 percent of GDP when Modi took charge. General government debt, which includes federal and state government debt, could be 100 percent of GDP under adverse circumstances by fiscal 2028, the IMF said. DOUBLING FARMERS’ INCOMEModi’s critics said his government has not fulfilled the poll promise of doubling farmers’ income by 2022. However, the government says steps like cash payouts to farmers, and raising crop procurement prices, among others, has helped in augmenting farmers’ income.

Source: Ethiopian News January 31, 2024 02:32 UTC