New Delhi: On Thursday, the white paper was presented to the Lok Sabha by Finance Minister Nirmala Sitharaman. In accordance to the report, the nation had serious financial and economic difficulties prior to 2014. These obstacles were resolved by the Modi government after it took office. According to the white paper, India’s economy was among the world’s five weakest in 2014, but it is right now among the top five.
Important ideas in the white paper:
Prior to 2014, India faced plenty of economic and fiscal difficulties, including high inflation, slow growth, and a sizable fiscal deficit. These issues are outlined in the white paper. The achievements of the Modi government are discussed as well in this paper, which includes how it has decreased the fiscal deficit, increased growth, and reduced inflation in order to address these issues.
India’s economic status as of right now:
According to the white paper, India’s economy is currently among the top five in the world, and the government is determined to keep it that way.
Reaction of the opposition:
The white paper has drawn remarks from the opposition, which calls it a “propaganda document.” They state that the government reduces its failures and exaggerates its achievements.
Today’s Lok Sabha debate is predicted to be strong, with the opposition and the government likely making trades jabs. It will be interesting to watch how the conversation develops and how it ends.