Economic policy under IMF rule
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31/03/2002
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Hindu (New Delhi)
Under IMF rule, marginal increases in budgetary expenditure in any year are irrelevant. What is important is the long term trend. As Aspects of India's Economy has pointed out, plan capital expenditure as a percentage of GDP has declined from 2.77 per cent in 1990-91 to 1.52 per cent in 2000-01.