Amrit Kaal, Kartavya Kaal: Center's White Paper on Economics 10 Points | Latest News India

The government on Thursday released a white paper on the Indian economy that revealed how the economy improved from 2014 to 2024, compared to the period between 2004 and 2014. The white paper said the UPA had damaged and looted the economy. economy. Despite inheriting a healthy economy, the UPA turned it into a dysfunctional one, the White Papers said.

The White Paper on the Economy is explained in 10 points

1. In 2014 the NDA government white paper stated that the economy was in bad shape and in crisis. The challenge of fixing the economy is the 'Hydra-head'. At that time, the Indian economy was among the weakest five. Lack of leadership is attributed to the state of the Indian economy.

Discover the thrill of cricket exclusively in HD. Explore now!

2. „Then, we had the 2G scandal; now, extensive coverage of the population under 4G at very low tariffs and the world's fastest 5G rollout by 2023,” it said in a South vs. Now comparison.

3. „Then, we had 'policy-freeze'; infrastructure was not a priority; now, the wheels of a virtuous cycle of 'investment, growth, employment and entrepreneurship and savings' leading to higher investments and productivity are set in motion. Faster movement,” he said. It said.

4. The NDA government understood the need to take tough decisions for the greater good.

5. Under the UPA regime, India had double-digit inflation and now inflation has been brought down to less than 5%, it said.

6. „Then, the economy faced a 'twin balance sheet problem'; now, we have turned the economy into a 'twin balance sheet' advantage for companies and banking sectors that have sufficient capacity to increase investments and credit and generate employment,” it said.

7. The White Paper stated that the introduction of GST was a much-needed structural reform. „Prior to the introduction of the Goods and Services Tax (GST), India's domestic trade was neither free nor unified due to the combination of state taxes, over 440 tax rates, excise duties and the compliance requirements of multiple agencies administering these rates. Implementation of the reform brought together 29 states and 7 union territories, They were separate economic territories because of their different tax structures,” it said.

8. Budgeted capital expenditure has increased fivefold from FY20 to FY24 (RE) without any warming of the economy.

9. Referring to welfare measures, the White Paper said, “Empowerment through welfare is a key feature of our government. We have adopted the philosophy of „Sabka Sat, Sabka Vikas”, which prioritizes universal access to basic amenities, and a participatory, work-method approach in implementing this philosophy.

10. The White Paper stated that the NDA government has successfully overcome the challenges left by the previous government, but is not resting on its laurels. „We have miles to go and mountains to scale before we sleep. Amrit Cal has just started and our target is „India as a developed nation by 2047″. This is our duty leg,” it said.