UPA’s fiscal track record by the numbers

As the United Progressive Alliance (UPA) government completes its second term in office, it’s time to take a look at its fiscal performance over the years. In 2004-05, the year in which it came to power, the fiscal deficit was 3.88%, down from 4.48% in the previous year. In 2012-13, even after a lot of tightening, the fiscal deficit was at 4.9%. How did it all go wrong? Isn’t fiscal profligacy by the government responsible? And how much did the government splurge on subsidies?

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