BJP Slams Congress Over Economic Growth Claims

New Delhi- The BJP released a factsheet challenging Congress's claims about economic growth, noting that UPA's 7.6% growth relied on the 2004-08 global boom before declining to 5.6% by 2012-13 due to corruption and mismanagement.

The document contrasts UPA's 6.8% average growth (2004-2014) with NDA's 8.4% (2014-2024). While UPA faced high inflation and current account deficits, India now projects 6.4% growth for 2024-25 despite global challenges.

The BJP highlights digital transformation successes, with transactions increasing from 2.2 billion (2013-14) to 208.5 billion (2024). The JAM Trinity enabled efficient DBT payments during Covid-19, distributing ₹27,442.08 crore to 11.42 crore beneficiaries.

The factsheet credits Modi's government with lifting 24.82 crore people from multidimensional poverty (2014-15 to 2022-23), while criticizing UPA's banking sector management. It notes how the "phone-a-loan" scandal led to an 11.6% NPA rate by 2018, benefiting defaulters like Nirav Modi and Vijay Mallya until IBC 2016 introduced structured exit mechanisms.