FM Sitharaman tables White Paper on Indian economy; highlights UPA's 'economic mismanagement'

Finance Minister Nirmala Sitharaman presented a White Paper on the Indian Economy in the Lok Sabha. The paper compares the economic performance of the BJP-led NDA government from 2014 to 2024 with that of the Congress-led UPA government during the previous 10 years.

The White Paper presents scathing criticism of the previous UPA government, accusing it of squandering the opportunities created by the 1991 reforms. As per ANI, the report says "Despite experiencing rapid economic growth between 2004 and 2008, the UPA government purportedly failed to capitalize on this momentum, neglecting to strengthen the economy's foundations and failing to invest in crucial infrastructure".

Talking about the UPA government, the paper says "The UPA government failed miserably to facilitate economic activities. Instead, the UPA government created hurdles that held back economy."

It also lists out steps taken by the NDA government to turn the economy around. The White Paper says that the economy was in crisis in 2014 and that after coming to power, the NDA government took tough decisions for the greater economic good. It also says that in the last 10 years, the NDA govt successfully overcame challenges left behind by the previous UPA govt.