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Interim Budget 2019: Growth much below potential hit by revenue, capex

Modi government betters UPA's policy paralysis years' growth performance

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Interim Budget 2019  |  Capital Expenditure  |  Upa

Indivjal Dhasmana  |  New Delhi 

Advance estimates say growth in the last year of this term of the Narendra Modi government will be higher than in 2013-14, the last year of the United Progressive Alliance (UPA) regime, though the potential for higher growth was greater. Growth was 6.4 per cent in 2013-14.

However, the last financial year of the UPA government saw an improvement over 5.5 per cent in 2012-13, though both the years were criticised as those of policy paralysis. Advance estimates say growth will be 7.2 per cent in 2018-19, its last financial year. It is certainly an improvement, though growth had reached 8.1 ...

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First Published: Mon, January 21 2019. 23:45 IST