Economic Survey suggests economy was robust in UPA regime: Congress

Jul 09 2014, 21:20 IST
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The survey showed that the Current Account Deficit has been moderated to 1.7 per cent from 4.7 per cent in the earlier year. The survey showed that the Current Account Deficit has been moderated to 1.7 per cent from 4.7 per cent in the earlier year.
SummaryThe survey showed that the Current Account Deficit has been moderated to 1.7 per cent from 4.7 per cent in the earlier year.

On the eve of the Union Budget, Congress today latched on to the Economic Survey in seeking to puncture government claims that it has inherited 'empty coffers' and a bad economy.

Party spokesman Abhishek Singhvi quoted profusely from the highlights of the Survey presented to Parliament today, to drive home the point that the state of the economy was robust when the UPA demitted office.

Singhvi said the survey showed a drastic decline in the number of poor in the ten year UPA rule. It has come down from 40.7 crore to 26.9 crore.

The survey showed that the Current Account Deficit has been moderated to 1.7 per cent from 4.7 per cent in the earlier year.

Besides, he said that India had record foodgrains production of 264.4 million tonnes in 2013-14 as also record production of oilseeds and pulses and a peak production of milk.

The UPA rule has ensured India has the second fastest growing services sector, just below China.

Replying to questions, he said Congress will protest against any dilution of the MGNREGA and Food Security Act, which are the world's biggest programmes of welfare, which have been started in the UPA rule.

"Any such move would be against the interests of the people and the nation and therefore stoutly resisted," he said.

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