What white paper says –and doesn’t.

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.

Source: Indian Express