UPA govt delivered stellar performance: Prime Minister

Posted: Friday, May 09, 2008 at 2139 hrs IST
Updated: Friday, May 09, 2008 at 2139 hrs IST

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Bangalore:: The UPA government has delivered an outstanding growth that has touched every section of the society, although high inflation has overshadowed the achievement of ensuring macro-economic stability, the Prime Minister Manmohan Singh said on Thursday.

“On the economic front, in spite of the recent worries on inflation, our record has been a stellar one,” he said at a meeting organised by the Karnataka Pradesh Congress Committee in the poll-bound state.

Pointing to economic growth averaging almost 9% in the last few years, he said, “This has benefited every section of society and has enabled us to raise the required allocations to social development programmes.” Under the UPA rule, he noted tax-GDP ratio has risen to almost 10%, while ensuring tax rates remain moderate.

—PTI

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