look news india
New Delhi, May 15 (Hindustan Reporter) Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Wednesday said there has been rapid and unprecedented infrastructure creation in various sectors under the Prime Minister Narendra Modi-led government. He also hit out at the previous Congress-led UPA government for not paying proper attention to the infrastructure sector.
Sitharaman, in a statement issued on the 'X' post, said that the active role and personal monitoring of Prime Minister Narendra Modi is responsible for changing the face of the infrastructure sector, whereas the sector suffered losses due to policy inaction in the previous United Progressive Alliance (UPA) government. Was. He said that during its rule from 2004 to 2014, the UPA mismanaged or ignored almost all aspects of India's economic needs. Brought it to the 'Fragile Five' economies.
Referring to the increase in public capital expenditure during the Modi government, the Finance Minister said that this not only promotes Gross Domestic Product (GDP) growth but also improves the long-term efficiency of the economy. Sitharaman said that under the current government, the female unemployment rate has reduced from 9.2 percent in January-March 2023 to 8.5 percent in January-March 2024.
