The Lok Sabha has resumed discussion on no-confidence motion. Intervening in the discussion, Finance Minister Nirmala Sitharaman said, India has now become the fastest-growing economy in the world due to the transformative governance and policy reforms initiated by the government since 2014. Highlighting the steps taken by the government in the last nine years, she said, agriculture, defence export, credit to farmers, food production, tap water connections and highways witnessed transformative growth in these years.
Talking about the steps taken by the government to improve the condition of Public Sector Banks, the Minister stressed that gross Non-Performing Assets (NPA) are at decadal low. She added that the Public Sector Banks now stand at over one lakh crore rupees profit mark. She said, transformation has become possible due to actual delivery and not through spoken words. The Minister also said, India is now witnessing high growth and low inflation wherein the country witnessed high inflation and low growth during the UPA rule. She accused the previous UPA government of only showing dreams and promoting crony capitalism and corruption.
