New Delhi:
The UPA government is set to release its third anniversary report card today. The report is expected to highlight that the country witnessed 14 percent increase in per capita income while Foreign Direct Investment (FDI) grew by 55 per cent (March to March) despite global slowdown.
Here are some of the parameters on which the three years of UPA-II can be evaluated:
What the government claims are its achievements:• 14% increase in per capita income
• 55% increase in Foreign Direct Investment inflow ($28 billion)
• 20,502 MW additional power generation
• 1 lakh crore additional agricultural credit disbursed
• $2.3 billion additional revenue generated by the tourism sector
• 86 lakh tonnes of additional wheat and rice produced
• Rs 30,000 crore hike in social sector spending
Promises Made, Not Kept:
• The Lokpal Bill
• Foreign Direct Investment in Retail
• The Women's Reservation Bill
• The Pension Bill and Pension reforms
• The Land Acquisition Bill
• Goods & Services Tax (GST) Bill
The State of the Economy:
• 2012 Growth Forecast down to 6.3% from 6.9%(source: Morgan Stanley)
• Rupee at its weakest; falls under 55 per US Dollar
• Rupee down 10% in 3 months; the worst-performing Asian currency
• Prices: All commodities 63% costlier (April 2004-2011)
• Industrial output falls to 2.8% (2011-12) Vs 8.2% (2010-2011)
Key Election Results:
- Uttar Pradesh - Despite Rahul Gandhi's campaign, the Congress won just 6 more seats
- Punjab - Second consecutive loss to Akali Dal; Congress' internal report blamed 'ineffective campaign'
- Goa - Loss to the BJP; 'mining scam hit image', says internal report
- West Bengal - Congress-Trinamool alliance wins, but reduced to playing second fiddle to Mamata