Mukherjee says strong growth achieved in UPA's regime

16 Feb 2009 | 11:14 Mukherjee says strong growth achieved in UPA's regime

Foreign Minister Pranab Mukherjee, who is holding additional charge of the finance portfolio, today said the Indian economy has witnessed strong growth in the first four years of the Congress-led UPA government's regime. At the time of unveiling the interim general budget for 2009-2010, he said India's per capita income also registered the fastest growth rate during the last four years.

The fiscal deficit dropped to 2.7%, while the revenue deficit grew. The investment rate grew to 39% and domestic savings rate showed great improvement at 37.7%. The tax to GDP ratio rose to 12.5%