Finance Minister Sitharaman Slams Opposition Over ‘White Paper on Indian Economy’
Finance Minister Nirmala Sitharaman has initiated a debate on the ‘White Paper on Indian Economy and its impact on the lives of people of India,’ asserting that the Modi government has earned global respect through its handling of the Indian economy. Sitharaman criticized the previous UPA government for bringing a “bad name” to the country during the Common Wealth Games, while highlighting the Modi government’s success in steering the economy from being one of the “fragile five” to now being on the verge of becoming one of the top three global economies.
Modi Government’s Sincere Efforts Pulled Economy Out of Crisis, Says Sitharaman
Sitharaman highlighted the comparative performance of the Indian economy under the UPA government and the current Modi government, emphasizing the importance of sincerity, transparency, and putting the nation first. She stated that the results are evident for all to see, stressing that the government’s intent and approach play a crucial role in determining the outcome. Sitharaman also praised the Modi government’s handling of the “deadly” Covid crisis, contrasting it with the UPA’s response to the global financial crisis in 2008, which she deemed lacking in clean intentions.
Opposition Moves Substitute Motions Disapproving the White Paper
Opposition members, including Saugata Roy from the TMC and NK Premchandran, have moved substitute motions that disapprove of the White Paper on Indian Economy. This indicates a divergence of opinions within the Parliament regarding the assessment and impact of the government’s economic policies. The debate promises to shed light on the differing perspectives on the state of the Indian economy and the implications for the lives of its citizens.
Modi Government’s G20 Presidency Earned India Global Respect
Sitharaman highlighted the global recognition received by India under the Modi government’s leadership through its G20 presidency. She stated that this achievement has bolstered India’s reputation on the international stage, further validating the government’s efforts to elevate the nation’s standing. The Finance Minister’s remarks underscore the significance placed on India’s global image and its impact on the country’s overall economic growth and development.
Opposition’s Criticism Rings Hollow Amidst Government’s Achievements
Sitharaman criticized the opposition for attempting to criticize the Modi government while failing to address their own shortcomings during the global financial crisis and instances of corruption and scandal. She challenged the opposition members to respond with substantive arguments rather than resorting to interruptions. The Finance Minister’s remarks highlight the contentious nature of the debate surrounding the White Paper and the clashing viewpoints within the Parliament.
The Importance of Intent and Good Governance for Economic Success
Sitharaman’s speech emphasizes the significance of intent and good governance in steering economic growth and success. By contrasting the performance of the UPA government with that of the Modi government, she underscores the impact of sincere and transparent policies on the nation’s economy. This discussion serves as a reminder of the critical role played by the government in shaping the trajectory of the Indian economy and ultimately affecting the lives of its citizens.
Analyst comment
Positive news: Finance Minister Sitharaman highlights Modi government’s success in improving Indian economy and earning global respect.
Analyst prediction: The market is likely to respond positively to the Finance Minister’s remarks, as they showcase the government’s efforts to strengthen the economy and enhance India’s international standing. This can boost investor confidence and further drive economic growth.
