Congress has worked to transform our economy

The Congress party can say with satisfaction that it has transformed the Indian economy between 1980 and 1997 and set it on a rising exponential growth path. In the 8th Plan, the growth rate went up to 7.5%. Had that trend continued, we should have had a growth rate in the 9th Plan period, (1997-2002) closer to 7.5%. Instead during these years of non-Congress government and BJP rule, the growth rate fell to 5.5%, which was even lower than the 6th Plan period, (1980-1985). The mismanagement by the non-Congress government cost the country a huge loss of output compared to its potential. In a year after the 9th Plan, (2002-2003) the growth rate fell further, to less than 4.5%. In that one year alone, the country lost more than Rs. 170000 crores of potential output. The Congress party under the guidance of Congress President and leadership of Dr. Manmohan Singh assures the people of our country that it will continue to work for taking our economy to new heights so that ‘aam aadmi’ may live and enjoy purposeful life.

This article is posted by pressbrief.in