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regular-article-logo Tuesday, 19 November 2024

Live Updates: Finance Minister Nirmala Sitharaman tables White Paper on the Indian economy in Lok Sabha

Sitharaman in her Interim Budget speech had announced that the government will come out with a white paper on the economy outlining the economic mismanagement in the 10 years of UPA rule till 2014

PTI New Delhi Published 08.02.24, 05:03 PM
Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi PTI

  • In 2014, govt inherited deeply damaged economy whose foundations had to be rebuilt to enable self-sustaining long-term growth: White Paper
  • The banking crisis was one of the most important and infamous legacies of the UPA government: White Paper
  • Every challenge of the pre-2014 era was overcome through NDA govt's economic management and governance: White Paper
  • Economic management of Modi govt placed India on resolute path of sustained high growth: White Paper
  • In last ten years, NDA govt successfully overcame challenges left behind by the previous UPA government: White Paper
  • NDA govt armed with political and policy stability, took tough decisions for greater economic good, unlike its predecessor UPA: White Paper
  • Rather than employing quick fixes, NDA government undertook bold reforms, built sturdy superstructure: White Paper
  • UPA inherited healthy economy but made it non-performing in 10 years: Govt's White Paper
  • Economy was in crisis in 2014; White paper then would have set negative narrative, shaken confidence of investors: Govt's White Paper

Finance Minister Nirmala Sitharaman on Thursday tabled a 'White Paper on the Indian Economy' in the Lok Sabha.

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Sitharaman in her Interim Budget speech had announced that the government will come out with a white paper on the economy outlining the economic mismanagement in the 10 years of UPA rule till 2014.

The NDA government has overcome the crisis of those years, and the economy has been put firmly on a high sustainable growth path with all-round development, Sitharaman said.

"It is now appropriate to look at where we were then till 2014 and where we are now, only for the purpose of drawing lessons from the mismanagement of those years. The Government will lay a White Paper on table of the House," she had said.

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