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`NDA's policies not a success'

Special Correspondent

Economic growth has been 7% a quarter during UPA Government's tenure "In the case of the NDA Government, as it approached the end of its tenure, it appeared to me like a football team that kicked and pushed the ball aimlessly while waiting for the referee's final whistle"

NEW DELHI: Union Finance Minister P. Chidambaram has said that while the previous National Democratic Alliance regime's macro-economic management was not a "great success," the United Progressive Alliance Government had delivered. The overall economic growth during its tenure had been over seven per cent in each quarter.

Taking a dig at the NDA regime's style of economic management while delivering the J.R.D. Tata Memorial Lecture here, he said: "In the case of the NDA Government, as it approached the end of its tenure, it appeared to me like a football team that kicked and pushed the ball aimlessly while waiting for the referee's final whistle."

Highlighting the UPA Government's achievements during the lecture on `Economic Policy-making in a Coalition Era' organised by Assocham, he said the most striking feature of the economy during the last 10 quarters was the fact that the country's GDP witnessed uninterrupted and sustained growth in each quarter.

Noting that in a coalition regime, patience and perseverance were essential to achieve victory, the Finance Minister pointed to Prime Minister Manmohan Singh's way of convincing allies that reservation in higher educational institutions could go hand in hand with excellence.

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