Economic situation in May 2014 was worse than what it seemed: PM Modi

Economic situation in May 2014 was worse than what it seemed: PM Modi

Prime Minister Narendra Modi on Friday said in a TV interview to Network18 that he suffered political damage for his decision to not issue a white paper on the state of the economy when his government took over in May 2014. He said the sluggish private investments was a continuing fallout of the economic conditions that prevailed when he took office two and a half years back but his government has resisted the temptation to take shortcuts, the positive results of which are now evident across several sectors.

In the interview, the PM he spoke on a wide range of issues, from Lutyens’ culture, atrocities against Dalits, the Kashmir situation, and the forthcoming elections in Uttar Pradesh.

Modi said the economic situation in May 2014 was much worse that it seemed on the surface. Modi said he was confronted with a choice of whether to be politically expedient and put the poor state of the economy in the public domain, or keep the interest of the nation uppermost. He said his government had even mulled tabling a white paper on the economic condition in Parliament before the presentation of the first Budget.Read more

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