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‘Economic Performance of UPA Better’

Congress spokesperson Prof Rajeev Gowda on Friday claimed that the Congress-led UPA government did better than the NDA on all economic parameters. These include indicators such as growth in GDP, foreign exchange reserves and food production.

Published: 05th April 2014 09:34 AM  |   Last Updated: 05th April 2014 09:50 AM   |  A+A-

Congress spokesperson Prof Rajeev Gowda on Friday claimed that the Congress-led UPA government did better than the NDA on all economic parameters. These include indicators such as growth in GDP, foreign exchange reserves and food production.

He told reporters that while GDP growth was a moderate 6 per cent during the NDA regime, it was 7.6 per cent during UPA rule.

Prof Gowda said the industrial sector grew at 5.4 per cent during the NDA government, but touched 7.7 per cent during UPA’s 10-year term. The service sector, which has become the major driving force of the Indian economy in recent years, grew from 7.8 to 9.5 per cent and the farm sector from 2.8 to 3.3 per cent.

While sensex went up at a compound annual rate of 5.9 per cent during NDA rule, it rose at a rate of 16.4 per cent during the UPA regime.

The charges of the BJP’s prime ministerial candidate that economic growth rate was hit badly are unfounded and baseless, he said.



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