Modi says UPA fudged numbers
In his latest interview to a magazine, Narendra Modi has said that the UPA had fudged numbers. "The state of the country's economy was much worse than expected in 2014. Even the budget figures given by (Finance Minister) P Chidambaram were suspicious and not a correct statement of the finances. But we chose Rashtraneeti (national interest) over Rajneeti (politics)," Modi noted.
It may be noted that it's not the first time that the Prime Minister has said such a thing. A few months ago, he said on the floor of the Parliament that the Non-Performing Assets were suppressed deliberately by the UPA government. After the NDA came to power, Modi and the RBI made the banks show the correct picture of their balance sheets. NPAs were identified and have been resolved slowly and steadily through an Insolvency and Bankruptcy Code.
The Modi government didn't highlight the fudging by the UPA because the government didn't want investors to lose confidence in India.