Economic growth in the first United Progressive Alliance (UPA), headed by Dr Manmohan Singh, averaged 8.4% between 2004-04 and 2008-09, and then the financial crisis hit. Three stimulus measures in response to the crisis supported growth for the first two years of UPA-II, but then it came down sharply. The sovereign debt crisis in Europe in 2011 further created macroeconomic imbalances.
The growth in UPA-I was supported by a positive global environment. Private corporate investment more than doubled to 14.3% of the GDP in 2007-08, from 6% in 2003-04. After the financial crisis, this figure dipped again. The high growth brought down the fiscal deficit to 2.5% of the GDP from 4.3% in 2003-04.
Apart from fiscal cost of stimulus, rising prices of crude oil was another challenge that the UPA grappled with throughout its 10 years in office.
この記事は Financial Express Ahmedabad の December 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Financial Express Ahmedabad の December 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Police found 19 fingerprints at Saif's house, to match with accused
Following the attack on actor Saif Ali Khan, the Mumbai Police found 19 fingerprints at his house that are suspected to be of the attacker, said sources.
Shock-proofing the UK economy
Rather than view recent market volatility negatively, the govt has a chance to frame it as a moment to improve public understanding of what it is doing
RG Kar case 'not rarest of rare'; life term for convict
A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.
OMCs to register strong Q3FY25 earnings
Positive Outlook
On Day 2 of ceasefire, Gazans search for people under rubble
PALESTINIANS BEGAN SEARCHING on Monday for thousands of Gazans believed still buried under rubble, as residents expressed shock at the devastation wrought by 15 months of war on the enclave on the second day of a ceasefire between Israel and Hamas.
Bachchan's ₹83-crore deal: Mumbai property market sizzles again
Stars Heating Up City Realty
Telcos seek tax exemption on AGR dues
Run-up to the Budget 2025-26
IT firms see shift to shorter deal cycles
CHANGE REFLECTS RAPID TECHNOLOGICAL ADVANCEMENTS
Q-comm boom leaves brands in queues
This has made their evaluation and onboarding processes more stringent.
Dixon Lines Up $3-bn Display Fab Unit
Lall said it is a high EBITDA margin business for the company.
