• UGI USER
  • Feb 10, 2024
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“WHITE PAPER” ON THE INDIAN ECONOMY

Why in the News?

  • Finance Minister Nirmala Sitharaman presented a “white paper” on the Indian economy in Parliament.
  • It compares the economic performance of the UPA and NDA governments over a decade each.
  • The document aims to inform about governance, crises, policies, and generate debate on national interest.
Source: IE

Contents of the White Paper:

  • Inform about governance challenges inherited by the NDA in 2014.
  • Highlight NDA’s policies to revive the economy since 2014.
  • Encourage informed debate on national interest and fiscal responsibility.

Key Claims:

  • UPA inherited a healthy economy but made it non-performing in 10 years.
  • UPA abandoned economic reforms and undermined macroeconomic foundations.
  • NDA improved various indicators such as inflation and scheme implementations.
  • NDA’s tenure saw advancements in infrastructure, defense, and health expenditure.
What does White Paper means ?

·    A white paper on the economy provides detailed information about specific economic issues, policies, or comparisons between different periods or administrations.

·    It aims to inform stakeholders, policymakers, and the public about economic trends, challenges, and proposed solutions.