Finance Minister Nirmala Sitharaman on Saturday told the Lok Sabha that economic revival can be achieved in the country, reported The Hind...
Finance Minister Nirmala Sitharaman on Saturday told the Lok Sabha that economic revival can be achieved in the country, reported The Hindu.
“We have actually managed to bend the [coronavirus pandemic] curve and the revival of the economy can be achieved,” she said. “I want to highlight stimulus plus reform. The situation created by the pandemic did not deter us from attempting reforms.”
She said that the government had announced several measures to introduce reforms both times – when the self-reliant package was announced and also in the Budget. “This Budget has set the pace for India becoming aatmanirbhar [self-reliant],” Sitharaman said.
The finance minister also said that reforms were riveted in a policy, not in a subjective and knee-jerk fashion “but in a way that would lay the path for India to be a top economy.”
She alleged that poverty reduction happened in India after license raj ended. The license raj was a system of licences and regulations needed to set up businesses in India from 1947 to 1990. The Congress was mostly in power in this period.
“We have to trace the economic history of when we started with an adoring view of socialism,” she continued. “Nationalising institutions between 1948 and 1975 began denigrating Indian businesses.”
Taking a dig at the Congress, Sitharaman...
