The IMF projection, 1.3 percentage point lower than its earlier estimates, is less than the five per cent projected by the official advance estimates
Despite some improvement in reported fiscal deficits, debt as a share of GDP remains little changed over the past decade partly due to increases in off-budget financing, IMF said
While the Fund is critical of the note ban and MSP on farm products, among other things, it is generally bullish about the prospects of 7.75% growth in the medium term, writes T N Ninan