Prime Minister Narendra Modi on Friday said he could have introduced an economic white paper when he took office in 2014 but chose “rashtraneeti” instead of “rajneeti” as he did not want to break the trust of the people.
The document was tabled at the last parliamentary meeting before the general election.
The current government on Thursday released a white paper criticizing the Congress-led UPA government, claiming it was responsible for the poor state of the Indian economy caused by careless tax spending, off-budget borrowing and a large number of bad banks. loan.
Speaking at the ET NOW Global Business Summit organized by Times Group, Modi said that in the decade before 2014, the country’s ruling policies were taking the country on the road to bankruptcy.
“We have submitted an economic white paper to Parliament on this,” he said.
“The discussion on this is ongoing. Since there is such a large audience, I would also like to express my ‘Mann ki Baat’, the white paper that I am bringing now, I could have brought in 2014. If my intention was to gain Political interests, then I would have put these numbers in front of people 10 years ago,” Modi said.
“In 2014, when things were put in front of me, I was stunned. The economic situation was grim. Global investors were generally pessimistic due to fraud and policy paralysis. If I expose these things, if the wrong signals disappear, the country may Losing confidence in the country, like a patient who panics when he knows he is seriously ill, the country will feel that,” the prime minister said.
Modi said launching the white paper in 2014 was politically beneficial to him.
“‘Rajniti’ told me to do this but ‘Rashtraneeti’ did not allow me to do so, therefore, I chose ‘rashtraneeti’ instead of ‘rajneeti’. When the situation became more serious in a decade and we could withstand any attack, I think I owe it to the people to tell the truth, which is why I launched a white paper in Parliament,” he said.
“When you see it, you will know where we are and what circumstances we have risen to here. Now you see a new height of development.” Modi said.
Modi said he guaranteed that India would become the world’s third largest economy in his third term.
Speaking at the summit, Vineet Jain, managing director of Times Group, said that the past decade has been transformative for India, with its economy undergoing major structural reforms and strengthening macroeconomic fundamentals.
“As we embark on the path of ‘Amritkaal’, I hope that we all can envision a future that is rooted in people-centred, inclusive and prosperous society. This will be our India. The next two decades belong to India, Made in India Initiatives such as Make India, Serve India and Startup India converge into a grand story to transform the country into a hub of knowledge, innovation and manufacturing,” Jain said.
“This vision aligns perfectly with the theme of this year’s ET Now Global Business Summit – Disrupt, Evolve, Diversify – and this intricate story echoes your vision of making India a Vishwaguru. In this time of change, there is no one like you A better guide would be the Prime Minister to set the direction,” he said.
(with PTI input)
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