https://facebook/shabnamhashmi/posts/10151667725346375 From Shabnam Hashmi: While one can look for options of choosing a third front which will re-look at economic policies but if one has to compare the figures of UPA and NDA here they are: UPA AND NDA FIGURES (1) GROSS DOMESTIC PRODUCT (GDP) GDP during NDA and UPA Rule has been as follows:- NDA UPA Year Rate of Growth Year Rate of Growth NDA-1998-99 6.7% UPA- 2004-05 7.0% NDA-1999-2000 7.6% UPA - 2005-06 9.5% NDA-2000-01 4.3% UPA- 2006-07 9.6% NDA-2001-02 5.5% UPA - 2007-08 9.3% NDA-2002-03 4.1% UPA - 2008-09 6.7% NDA-2003-04 8.1% UPA - 2009-10 8.6% UPA- 2010-11 9.3% UPA - 2011-12 6.2% UPA- 2012-13 5.0% Average GDP Growth Rate comes to 8.2% (UPA regime) as against 5.7% (NDA regime). (2) GROWTH IN GROSS DOMESTIC PRODUCT (GDP) UNDER UPA India’s GDP under UPA has grown by 308% i.e.between 2004-2012 – from US$ 599.46 Billion in 2004 to US$ 1847.98 Billion in 2012. (3) FOREIGN EXCHANGE RESERVE (FOREX) In 2003-04 (NDA regime), FOREX were US$ 113 Billion. In 2013 (UPA regime), our FOREX are US$ 288 Billion. (4) GROWTH OF EXPORTS During NDA regime (1998-99 to 2003-04), India’s exports grew by 11%. During UPA regime (2004-05 to 2012-13), our exports have grown by 19.6%. (5) INVESTMENT AS A PERCENTAGE OF GDP During NDA regime (1998-99 to 2003-04), investment as a percentage of GDP grew by 25.3%, while during UPA regime (2004-05 to 2012-13), it has grown by 35.5%. (6) AGRICULTURAL GROWTH 62% of India is still dependant upon agriculture. In the 10th Five Year Plan (2002-07), agriculture grew by 2.4%. In the 11th Five Year Plan (2007-12), agriculture has grown by 3.6%. (7) PER CAPITA RURAL CONSUMPTION This is a primary indicator of income, growth and expenditure in rural area. In 2004-05, per capita rural consumption was 1%, while in 2011-12, per capita rural consumption was 2.9%. (8) RURAL WAGES In 11th Five Year Plan (2007-12) i.e. during UPA regime, rural wages have increased by 6.8% as compared to 1% during NDA regime. (9) AVERAGE FISCAL DEFICIT TO GDP RATIO Average Fiscal Deficit during NDA regime (1988-99 to 2003-04) was 5.5%. During UPA regime (2004-05 to 2012-13), Average Fiscal Deficit has been 4.6%. (10) SOCIAL INCLUSION (a) With widespread prosperity, number of people living beyond the poverty line have declined by 14 crore or 140 million i.e. from around 440.7 million (44.07 crore) in 2004-05 to 269 million (26.9 crore) in 2011-12. Never before has India witnessed such a sharp reduction in poverty. (b) During 2012-13 alone, a total of 227.4 crore person days of employment were generated under NAREGA for a total of 495.6 lakh households. Out of these, 22% were Scheduled Castes, 17% were Scheduled Tribes and 51% were women. (c) Expenditure on social services as a proportion of total expenditure of Government has increased to 25.1% in 2012-13. As a proportion of GDP, this expenditure is 7.1% in 2012-13. (d) Expenditure on education as a proportion of GDP is 3.31% in 2012-13. (e) ‘Direct Benefit Transfer Scheme’ to bring transparency and eradicating corruption has been extended to 127 districts currently. (3) FOREIGN DIRECT INVESTMENT (FDI) & REFORMS Government of India has raised FDI as follows:- (i) 100% FDI in ‘roads, ports and power’. (ii) 100% FDI in ‘telecom’. (iii) 100% FDI in ‘single bend retail’ with FIPB permission. (iv) 100% FDI in ‘assets reconstruction firms’, ‘tea-plantation’ and ‘courier services’. (v) 49% FDI in ‘oil refinery’, ‘commodity bourses’, ‘power exchanges’ and ‘clearing corporations’. (vi) 49% FDI in ‘insurance’. (vii) 49% FDI in ‘Airlines’. Bills with all their short coming but never the less they have been brought in (i) ‘Right to Information’; (ii) ‘Right to Education’; (iii) ‘Right to Employment’; (iv) ‘Right to Forest Produce’; (v) ‘Right to Succession for Women’; (vi) ‘Right to Fair Compensation and Transparency in Land Acquisition’; and (vii) ‘Right to Food and Nutrition’.
Posted on: Fri, 27 Sep 2013 00:00:03 +0000
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