Syllabus: GS-III
Subject: Economy
Topic: Fiscal Policy.
Issue: Whitepaper on Indian Economy
Tags: #WhitePaper #IndianEconomy #FiscalResponsibility.
Context: The Finance Minister of India presented a “white paper” on the Indian economy in Parliament.
Synopsis:
- White Paper provides information on specific issues, often government-issued.
- It was prepared Ministry of Finance.
- Compares economic parameters over last decade and before.
Objective:
- It Informs about economic and fiscal crises inherited by the National Democratic Alliance (NDA) government in 2014.
- Outline policies and measures taken to restore the economy’s health since 2014.
- Foster debate on national interest and fiscal responsibility.
- Aim to avoid negative portrayal to maintain investor confidence.
