: By cherry-picking development spend data, Sitharaman and Chidambaram are missing the larger picture #IndiaNEWS Union Finance Minister Nirmala Sitharaman compared development expenditure to show that

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By cherry-picking development spend data, Sitharaman and Chidambaram are missing the larger picture #IndiaNEWS
Union Finance Minister Nirmala Sitharaman compared development expenditure to show that the Narendra Modi-led National Democratic Alliance government has spent far higher on development in the past eight years than the Congress-led United Progressive Alliance’s 10-year rule.“RBI data shows total developmental expenditure incurred by Modi government in 2014-’22 was Rs 90.9 lakh crore, far higher than is being alleged by some sections of the Opposition. In contrast, only Rs 49.2 lakh crore was spent on this during 2004-’14,â€? tweeted Sitharaman.RBI data shows total developmental expenditure incurred by Modi Govt in 2014-22 was Rs 90.9 lakh cr, far higher than is being alleged by some sections of the Opposition. In contrast, only Rs 49.2 lakh crore was spent on this during 2004-14. Source: t.co/VZmMmPHz8G (1/3) pic.twitter.com/CrkYHWCn88— NSitharamanOffice (@nsitharamanoffc) April 9, 2022 This claim was rebutted by former Finance Minister P Chidambaram a few days later when he, in a series of tweets, highlighted how, instead of the amount, it is more important to check the proportion of any head of expenditure to total expenditure. “The correct mathematical analysis will require the Finance Minister to compare the ‘proportion’ of any head of expenditure to total expenditure. Such a comparison will reveal that, as a proportion, social services expenditure has plummeted...Read more

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