Narendra Modi economists meeting LIVE Updates: Ahead of Union Budget 2018, PM Narendra Modi will today interact with leading economists and sectoral experts.
Narendra Modi economists meeting LIVE Updates: Ahead of Union Budget 2018, PM Narendra Modi will today interact with leading economists and sectoral experts. They will deliberate on economic policy roadmap for promoting growth and employment. The meeting is being organised by NITI Aayog and the likes of Finance Minister Arun Jaitley and NITI Aayog functionaries and leading economists will be apart of it. The select group of economists and various sector experts have been invited by NITI Aayog for the deliberations with the prime minister on ‘Economic Policy: The Road Ahead’. According to the statement, the discussion will focus on six broad themes: Macroeconomic Balances, Agriculture and Rural Development, Urban Development, Infrastructure and Connectivity, Employment, Manufacturing and Exports and Health and Education. The meeting comes in the backdrop of latest estimates of national income by Central Statistics Office (CSO) which showed that India’s growth is expected to slow down to four- year low of 6.5 per cent this fiscal, the lowest under the Modi-led government.
Track LIVE Updates for Narendra Modi economists meeting:
5: 47 pm: PM Narendra Modi interacts with leading economists & sector experts at NITI Aayog; discussion underway on 6 themes- Macro Economic Balances, Urban Development Infra & Connectivity, Employment, Manufacturing & Exports, Health & Education, Agriculture & Rural Development.
5: 40 pm: Notably, the World Bank is upbeat about Indian economy with the projection of 7.3% growth in 2018 and 7.5% in the next two years, surging way ahead of China and other comparable economies.
3: 43 pm: Union Cabinet, on Wedenesday, chaired by Prime Minister Shri Narendra Modi approved further liberalisation in FDI policy.
2: 50 pm: Meanwhile, 100 per cent FDI under automatic route allowed in Real Estate Broking services as a part of FDI policy reforms.
10: 35 am: India, despite initial setbacks from demonetisation and Goods and Services Tax (GST), is estimated to have grown at 6.7 per cent in 2017, according to the 2018 Global Economics Prospect released by the World Bank in Washington on Tuesday.
Economists’ discussion on Manufacturing & Exports focuses on tax policies, access to capital, physical infrastructure & electricity #EconomicPolicyRoadAhead #NayiNITINayiDishaNayaBharat pic.twitter.com/eb7s5hDuPl
— NITI Aayog (@NITIAayog) January 10, 2018
10: 23 am: Meanwhile, the World Bank has predicted India’s GDP growth to touch 7.3 percent in 2018-19.
10: 10 am: The emphasis of the meeting will likely be on sharing the views of the experts from all over the country on the road ahead for the economic policy to steer the nation towards a New India envisioned by the prime minister.
9: 55 am: Finance Minister Arun Jaitley, Road Transport, Highways, Shipping and Ganga Water Rejuvenation Minister Nitin Gadkari, Agriculture Minister Radha Mohan Singh, Minister of State- Planning Rao Inderjit Singh along with the Vice Chairman of NITI Aayog, members and CEO NITI Aayog, along with senior officials from the government will attend the meeting.
9:34 am: “Prime Minister Narendra Modi will interact with leading economists and the experts across sectors from all over the country at NITI Aayog tomorrow,” an official statement said.