Modi Government Tables White Paper On Economy In Loksabha About 10 Years UPA Misrule Inflation and Scams | White Paper: Nirmala Sitharaman presented white paper, corruption – inflation

White Paper On Indian Economy: According to the announcement made in the interim budget, a day before the end of the budget session, Finance Minister Nirmala Sitharaman has presented a white paper on the Indian economy in the Lok Sabha. The white paper attacks the stagnation of economic growth, allegations of corruption and lack of investor confidence during the tenure of former Prime Minister Manmohan Singh from 2004 to 2014.

Economy found in critical condition in 2014

In the white paper, the government has told how 10 years ago in 2014, the Prime Minister Narendra Modi When the BJP-led NDA government came to power, it found the economy in a very critical condition. Public finances were in a bad state, economic management was in bad shape, financial indiscipline was rampant and corruption was rampant. The confidence of investors investing in India had been shaken. In such a situation, after the formation of the government, the biggest challenge before the Modi government was to bring the economy back on track. And in the next 10 years, the Modi government has been successful in overcoming all the challenges of the pre-2014 period through its excellent economic management and governance. Due to right policies, intentions and appropriate decisions, today India has started on the path of high economic development.

Non-performing from 2004 to 2014

In this white paper, while attacking the UPA government, it was said that the UPA government had inherited a better economy in 2004, then economic reforms needed to be accelerated but the next 10 years have been non-performing. This letter said that the UPA leadership never lags behind in taking credit for the economic reforms of 1991 but it was abandoned after coming to power in 2004. In the five-year period from 2010 to 2014, the inflation rate had reached double digits.

Banking crisis is the contribution of UPA

It was said in the white paper that banking crisis arose during the tenure of the UPA government. When the government led by Atal Bihari Vajpayee left power, the gross NPA was 7.8 percent. By September 2, 2013, it had increased to 12.3 percent. Political interference had increased in loans given from government banks. The report also said that due to poor policy planning, money allocated in many social welfare schemes could not be spent. Expenditure on health was also very low during the tenure of the UPA government. According to the CAG report, India’s image was dented by the Rs 1.76 lakh crore 2G spectrum allocation scam, coal scam and Commonwealth Games scam. The biggest power cut of 2012 will always be remembered.

India will become a developed country by 2047

According to the white paper, when the Modi government took charge under the leadership of PM Modi, our government, equipped with political and policy stability, took difficult decisions for better economic progress. Restored dynamism in the economy. Successfully faced the challenges left by the previous government. It has been assured in the white paper that the Amrit Kaal has just begun and the aim is to make India a developed country by 2047.

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