It cut fiscal and current account deficits drastically, undertook structural reforms like GST and took Aadhaar and direct subsidy transfer to their logical end. (Image: PTI)In a strong defence of the government’s handling of the economy, finance minister Arun Jaitley on Thursday said the NDA regime brought India back to health from the status of one of the five fragile nations even in trying conditions, when the country faced two successive years of drought. It cut fiscal and current account deficits drastically, undertook structural reforms like GST and took Aadhaar and direct subsidy transfer to their logical end. After hitting a three-year low of 5.7% in Q1FY18, the GDP growth recovered to 6.3% in Q2. To restore the health of the bad loans-encumbered public-sector banks and enable them to support growth through higher lending, the government has announced a massive `2.11 lakh crore recapitalisation package for them, Jaitley told Parliament. “Today, there are only some…
