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Ethiopia has achieved economic growth of more than 7% in the past decade. During Meles Zenawi's administration, Ethiopia boosted the fastest economic growth in Africa in terms of GDP with double-digit economic growth for his last nine years, resuming seven years after his death when his party, the TPLF, continued the same policy. The rise of ...
India's imports from Ethiopia include raw hides and skins, pulses, oil seeds, spices, leather and scrap metal. [11] India is Ethiopia's second largest source of Foreign Direct Investments with investments amounting to $5 billion. Indian investments in Ethiopia are expected to be worth $10 billion by 2015 with India approving investments worth ...
The Paper Currency Act, 1861 gave the Government of India the exclusive right to print and circulate banknotes and thereby abolishes the printing and circulation of banknotes by the private Presidency Banks. Until the establishment of the Reserve Bank of India on 1 April 1935, the Government of India continued to print and issue banknotes. [2] [3]
Colonial India was the part of the Indian subcontinent that was occupied by European colonial powers during and after the Age of Discovery. European power was exerted both by conquest and trade, especially in spices .
Just a few years before the Independence of India, the Reserve Bank of India Act, 1934 was passed which effectively repealed The Paper Currency Act, 1861. From now onwards, the Reserve Bank of India became the sole issuer of banknotes in India.
According to the Ethiopian Central Statistical Authority, there was sustainable economic growth in the fiscal years of 1960–1961 and 1973–1974. Between 1960 and 1970, Ethiopia enjoyed an annual 4.4% growth rate in per capita production and gross domestic product (GDP).
When their occupation of Ethiopia ended in 1941, the Italians left behind a country whose economic structure had changed little in centuries. [1] Some improvement had taken place in communications, particularly in road building, and some limited attempts had been made to establish a few industries and to introduce commercial farming, particularly in Eritrea, which Italy had occupied since 1890 ...
Between 1950 and 1970, one source estimated that Ethiopia received almost US$600 million in aid, $211.9 million from the US, $100 million from the Soviet Union and $121 million from the World Bank. [2] Sweden trained the Imperial Bodyguard and India at one point contributed the majority of foreign-born schoolteachers in the Ethiopian ...