Subhechcha Ganguly 
The white paper stated that although the NDA government has effectively surmounted the obstacles created by the UPA government, there are still mountains to climb.On Thursday, the administration released a white paper on the Indian economy, outlining how the economy recovered from 2014 to 2024 compared to the 2004–2014 period, when the UPA was accused of hurting and robbing the economy. The UPA “turned the economy into a non-performing one, despite inheriting a healthy economy,” according to the white papers.
Here’s the white paper on economy explained in 10 points
1. According to the white paper, the NDA government discovered a crisis and a weak economy in 2014. Fixing the economy was a “hydra-headed” challenge. The Indian economy was one of the five most vulnerable at the moment. The condition of the Indian economy has been attributed to a lack of leadership.
2. “Then, we had ‘policy-paralysis’; infrastructure was not a priority; now, the wheels of the virtuous cycle of ‘investment, growth, employment and entrepreneurship, and savings’ leading to more investments and productivity has been set into fast motion,” said the report.
3.The NDA administration recognised that difficult choices had to be made in the sake of the overall economy. According to the report, India’s inflation dropped from double digits during the UPA administration to just over 5% currently.”Then, we had the economy facing a ‘twin balance sheet problem’; now, we have turned the economy to having a ‘twin balance sheet advantage’ for companies as well as banking sector with ample capacity to ramp up investments and credit and generate employment,” said the report.
