New Delhi: The UPA government has disabled a healthy economy within ten years, says the central government. The white paper, which compared the ten years of the UPA with the ten years under Prime Minister Narendra Modi, was blamed by the Centre. The UPA government mismanaged and mismanaged public finances. This approach undermined the country’s economy. Finance Minister Nirmala Sitharaman said in the white paper presented in Parliament that this was an approach that undermined the country’s economy.
In 2004, when the UPA government came into office, the economy was growing at over 8 percent. The growth in industry and service sector was over seven percent and the growth in agriculture sector was over nine percent. The White Paper also accused the UPA government of financial mismanagement, lack of financial discipline and rampant corruption.
The central government presented the white paper by enumerating the achievements of the administration. The first 25 pages of the 59-page White Paper blame the UPA government. The UPA government’s short-sighted handling of the economy has set the country back. But the Modi government has managed to turn India into the world’s largest economy in ten years. For the Modi government to take a big leap in the economy and bring reforms that the world has noticed.
But the UPA government, which had taken a large amount of debt, was not utilizing even that money properly and was incurring liabilities. The infrastructure sector has been badly damaged and social security schemes have been undermined. The average inflation rate between 2004 and 2014 was 8.2 percent. The white paper also says that the UPA government did not implement any specific plan to curb inflation.
English Summary:
Upa made economy non performing in 10 years. centres white paper
2024-02-08 12:42:09
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