Sitharaman presented white paper in Lok Sabha on mismanagement of UPA regime, know what is special in it

White Paper: Union Finance Minister Nirmala Sitharaman has presented the White Paper in the Lok Sabha on economic mismanagement during the UPA coalition rule. In this white paper, India's economic crisis and its negative effects on the economy will be explained in detail through a white paper on economic mismanagement during the UPA government. At the same time, it will also talk about the impact of positive steps that can be taken at that time.

Why has the white paper been brought?

The government is bringing a white paper on the economy on the table of the House so that it can be known where we were till 2014 and where we are now. The purpose of this White Paper is to learn lessons from the mismanagement of those years. Let us tell you that the government was formed for the first time under the leadership of Prime Minister Narendra Modi in 2014 itself. Before that, there was a UPA coalition government under the leadership of Manmohan Singh for 10 consecutive years i.e. from 2004-14.

Union Finance Minister Nirmala Sitharaman lays on the Table a copy of the 'White Paper on the Indian Economy' today, in Lok Sabha pic.twitter.com/oYFwUHtSeE

— ANI (@ANI) February 8, 2024

What is white paper?

Regarding the white paper brought by the central government in the budget session, let us tell you that it is an informative report card in which the policies, works and important issues of the government are underlined. Especially governments bring 'white papers' to debate on any issue, to take or give suggestions and to take action.

UPA made good economy non performing

The 'White Paper on the Indian Economy' tabled by Finance Minister Nirmala Sitharaman in the Lok Sabha said the UPA government inherited a healthy economy ripe for more reforms. But in its ten years it became non-performing. When the UPA government began its tenure in 2004, the economy was growing at 8 percent amid a good world economic environment. The growth rate of industry and services sector was more than 7 percent and the growth rate of agriculture sector was more than 9 percent in FY 2004. The Economic Survey of 2003-04 also stated that the economy appears to be in a resilient position in terms of growth, inflation and balance of payments, an addition that provides great scope for strengthening the growth momentum with continued macroeconomic stability. Does.