The White Paper asserts that the UPA government brought India's finances to a precarious state.

The White Paper on Indian Economy, presented by Finance Minister Niramala Sitharaman, criticizes the previous UPA government for bringing India's public finances to a precarious state with high fiscal deficits. The paper states that for six consecutive years between FY09 and FY14, the Gross Fiscal Deficit (GFD) to Gross Domestic Product (GDP) ratio was at least 4.5 percent, reaching over 6 percent in some years. The UPA government's fiscal mismanagement resulted in higher borrowing from the market than anticipated. The White Paper also highlights the efforts of the Modi government in restoring the country's fiscal health by reducing the fiscal deficit and market borrowing. [Extracted from the article]