it is in the grip of a serious economic situation by the worst ever drought as a result of which food output alone is threatening to decline in one year by 13-14 per cent, coupled with an intractable payments situation created by the lumpiness of repayments due on external obligations entered into in the past.
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.