Finance Minister Nirmala Sitharaman presented a “white paper” on the Indian economy in Parliament on Thursday (February 8). The document, which has been prepared by the Ministry of Finance, essentially compares the 10-year record of economic governance under the Congress-led UPA governments (between 2004-05 and 2013-14) with the 10-year record of the BJP-led NDA governments (between 2014-15 and 2023-24).
The 58-page white paper has three main parts. Part 1 discusses the macroeconomic situation during the 10 years of UPA rule. Part 2 provides the “current status of the various corruption scams of the UPA government”. Part 3 shows how the NDA “turned the economy around”.
The document explains why the white paper is being presented at the end of 10 years instead of at the start. “Our government refrained from bringing out a white paper on the poor state of affairs then. That would have given a negative narrative and shaken the confidence of all, including investors. The need of the hour was to give hope to the people, to attract investments, both domestic and global and to build support for the much-needed reforms.”
Read full document below:
white paper on Indian Economy 2024
