{"id":299860,"date":"2018-07-03T06:08:51","date_gmt":"2018-07-03T06:08:51","guid":{"rendered":"http:\/\/tehelka.com\/?p=299860"},"modified":"2018-07-03T06:12:41","modified_gmt":"2018-07-03T06:12:41","slug":"state-of-economy-was-much-worse-than-expected-in-2014-pm-modi","status":"publish","type":"post","link":"https:\/\/tehelka.com\/state-of-economy-was-much-worse-than-expected-in-2014-pm-modi\/","title":{"rendered":"State of economy was much worse than expected in 2014: PM Modi"},"content":{"rendered":"<div><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-299861 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2018\/07\/Narendra-Modi-300x217.jpg\" alt=\"\" width=\"583\" height=\"422\" srcset=\"https:\/\/tehelka.com\/media\/2018\/07\/Narendra-Modi-300x217.jpg 300w, https:\/\/tehelka.com\/media\/2018\/07\/Narendra-Modi-324x235.jpg 324w, https:\/\/tehelka.com\/media\/2018\/07\/Narendra-Modi-581x420.jpg 581w, https:\/\/tehelka.com\/media\/2018\/07\/Narendra-Modi.jpg 591w\" sizes=\"(max-width: 583px) 100vw, 583px\" \/><\/span><\/div>\n<div style=\"text-align: justify;\">\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">\u201cThe state of the economy was much worse than expected when BJP-led National Democratic Alliance government came to power in 2014. Things were terrible. Even the budget figures were suspicious,\u201d Prime Minister Narendra Modi said in an interview to \u2018Swarajya\u2019.<\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">India is now the fastest growing large economy of the world with strong fundamentals to drive further growth, he added.<\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">PM Modi while highlighting the focus on reforming, strengthening and transforming of the Indian economy said, \u201cIn 2014, one of the key agendas of the BJP\u2019s election campaign was highlighting the dismal management of the Indian economy, ironically under an economist PM and a know-it-all Finance Minister. We all knew the economy was in the doldrums.&#8221;<\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">While highlighting UPA government&#8217;s failure under the then Prime Minister Manmohan Singh, Modi said, \u201cIn 2014, industry was leaving India. India was in the Fragile Five. Experts believed that the \u2018I\u2019 in BRICS would collapse. Public sentiment was that of disappointment. In the midst of this, imagine a White Paper giving intricate details of the extent of damage.\u201d<\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">&#8220;We accepted this uncomfortable truth and hit the ground running from the very first day to stabilise things so that the Indian economy can be strengthened for the long haul. We tolerated a number of political allegations, we accepted political damage but ensured no damage to our country,&#8221; the Prime Minister added.<\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">He straightway rejected the criticism on jobless growth while saying &#8220;We have data put out by state governments on employment. The previous Karnataka government claimed to have created 53 lakh jobs and the West Bengal government created 68 lakh jobs in the last term. Now, if states are all creating good numbers of jobs, is it possible that the country is not creating jobs?&#8221;<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe state of the economy was much worse than expected when BJP-led National Democratic Alliance government came to power in 2014. Things were terrible. Even the budget figures were suspicious,\u201d Prime Minister Narendra Modi said in an interview to \u2018Swarajya\u2019. India is now the fastest growing large economy of the world with strong fundamentals to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":299861,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36,1801],"tags":[453,1995,236,1770,857,1277],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/299860"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=299860"}],"version-history":[{"count":4,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/299860\/revisions"}],"predecessor-version":[{"id":299865,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/299860\/revisions\/299865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/299861"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=299860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=299860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=299860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}