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DECODING INDIA’S ECONOMIC REALITIES-II

Why in the news?

Official data on the economy under the NDA government criticized for overestimating its performance and undervaluing UPA’s.

Source:successcds

About Critics’ challenge to NDA government’s official economic data:

• Interim Budget emphasizes fiscal consolidation.
• Public expenditure cuts include ₹1 lakh crore reduction in capital expenditure.
• Despite 9% nominal GDP growth, slowdowns persist.
• NDA’s “White Paper” shifts focus to UPA’s alleged economic crises.
• Fiscal trends over 20 years show mixed patterns.
• NDA’s revenue strategy focuses on indirect tax increases.
• Corporate tax collections decline under NDA.
• Real GDP growth averaged higher during UPA.
• NDA faces criticism over food inflation, trade balances, and NPAs.
• Labour force shows growing informalization despite claims of improved income and employment.