UPA put family first during 2008 global financial crisis, sent economy nosediving: Sitharaman

Union Finance Minister Nirmala Sitharaman on Friday tore into UPA accusing it of economic mismanagement during the 2008 global financial crisis, saying the Congress put the “first family first” and brought the economy down to ‘fragile five.’

Initiating the debate on the ‘White Paper on Indian Economy and its impact on the lives of people of India,’ Sitharaman said the Common Wealth Games (CWG), held during the UPA regime, brought “bad name” to the country, but India’s G20 presidency under the Narendra Modi government earned India global respect.

Substitute motions were moved by opposition members Saugata Roy (TMC) and NK Premchandran disapproving the White Paper.

Sitharaman said the Modi government worked with sincerity and pulled the economy out of ‘fragile five’ and sent it to top five globally. It is now on the verge of becoming one of the top three global economies, she said.

“Ten years of one government with some crisis and 10 years of a different government with different crisis. The comparison shown in this ‘White Paper’ clearly says how if the government handles it with true sincerity, transparency and putting the nation first, the results are there for everybody to see,” Sitharaman said.

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