The government's projection of an exalted growth rate of 4.2% for the next fiscal year has made jaws drop. On what premise it is so confident is hard to guess, but the ground realities suggest a dismal picture. The beleaguered dispensation is pinning its hopes on tight monetary control and effective management of the economy – but that is no small task.

All the projected targets for the ongoing fiscal year were missed as the economy achieved 2.68% growth as against the projected 3.6%. The agrarian sector merely........

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