Finance Minister Nirmala Sitharaman criticizes UPA, praises Modi government’s economic management

During her address initiating the debate, Sitharaman highlighted the negative repercussions of events like the Common Wealth Games (CWG) held under the UPA’s tenure, which she claimed tarnished India’s reputation internationally.

In a fiery debate over the ‘White Paper on Indian Economy,’ Union Finance Minister Nirmala Sitharaman launched a scathing attack on the Congress-led UPA regime, accusing it of economic mismanagement during the 2008 global financial crisis. Sitharaman asserted that the UPA prioritized the interests of the “first family” over national welfare, leading to the country’s designation as one of the “fragile five” economies.

During her address initiating the debate, Sitharaman highlighted the negative repercussions of events like the Common Wealth Games (CWG) held under the UPA’s tenure, which she claimed tarnished India’s reputation internationally. In contrast, she praised the Narendra Modi government’s leadership during India’s G20 presidency, emphasizing the global respect garnered under its stewardship.

Saugata Roy of the Trinamool Congress and NK Premchandran proposed substitute motions disapproving the government’s white paper, reflecting the opposition’s stance on the issue.

Sitharaman said that the Modi government’s sincere efforts had steered the economy away from the “fragile five” designation to become one of the top five globally. She further suggested that India is poised to ascend to the ranks of the top three global economies under the present administration’s guidance.

Drawing a sharp contrast between the handling of crises by the UPA and the Modi government, Sitharaman emphasized the importance of sincerity, transparency, and prioritizing national interests. She criticized the UPA’s response to the global financial crisis in 2008, insinuating a lack of “clean” intentions in their approach.

Addressing the opposition’s interjections, Sitharaman challenged them to respond with substance rather than disruption, asserting her right to speak uninterrupted. She accused the Congress of incompetence and corruption during its tenure, suggesting their lack of credibility in lecturing the current government.

Sitharaman commended the Modi government’s handling of the COVID-19 crisis, characterizing it as a more “deadly” challenge compared to the 2008 financial crisis. She attributed the government’s success in managing the pandemic to its sincere dedication and proactive measures.

The finance minister’s impassioned remarks undoubtedly reflects the ideological divide between the ruling party and the opposition regarding economic policies and governance. While Sitharaman portrayed the Modi government as a beacon of sincerity and progress, the opposition voiced dissent and skepticism over the government’s claims.