The misgovernance, maladministration, policy paralysis, decision deficit and galaxy of scams have resulted in jobless growth, says Nagesh Jadhav.



Much is debated about the state of the Indian economy during the NDA (1998 – 2004) and UPA regime (2004-2013).

The United Progressive Alliance’s (UPA) growth story is far from truth and is mere a statistical jugglery.



India had a booming economy under Atal Bihari Vajpayee-led NDA. The National Democratic Alliance (NDA) regime efficiently overcame economic sanctions imposed due to Pokhran tests and the Kargil war.



UPA inherited from NDA an economy with growth oriented policies, reforms and environment, which reaped benefits during the first few years of UPA-I.



Yet, the UPA couldn't capitalise much and extend growth throughout their regime owing to their own economic sins.



The misgovernance, maladministration, policy paralysis, decision deficit and galaxy of scams have resulted in jobless growth, declining GDP, increasing current account deficit, rising interest rates, rocketing inflation, mounting external debt and a depreciating rupee, which has resulted in the economic gloom and doom.



Click NEXT to read more…