PM Narendra Modi, economists brainstorm on ways to revive growth – What all they discussed?

By: |
New Delhi | Published: January 10, 2018 9:18:59 PM

PM Narendra Modi today brainstormed with economists and experts on the state of the economy as the government looks to revive growth which is set to hit a 4-year low.

narendra modi, economists, economy, economists brainstorm, revive growth, niti aayog, narendra modi development plan, indian economy, economyPM Modi today brainstormed with economists and experts on the state of the economy as the government looks to revive growth which is set to hit a 4-year low. (Image: Reuters)

Prime Minister Narendra Modi today brainstormed with economists and experts on the state of the economy as the government looks to revive growth which is set to hit a 4-year low. The meeting with over 40 economists and sectoral experts came weeks before the NDA-government presents its fifth and final full budget that would look to address pain points in the economy and boosting growth to 7-8 per cent. The interactive session, organised by NITI Aayog, was on the theme, ‘Economic Policy – The Road Ahead’.

It had participants express their views on macro-economy, agriculture, rural development, employment, health, education, manufacturing, exports, urban development, infrastructure and connectivity. “In his intervention, the Prime Minister thanked various participants for their suggestions and observations, on various aspects of the economy. In particular, he appreciated the quality of suggestions that had come from various subject experts,” the Prime Minister’s Office said in a statement.

It however did not provide details about the deliberations. The meeting was attended by several Union Ministers, including Finance Minister Arun Jaitley. Vice Chairman NITI Aayog Rajiv Kumar, and senior officers from the Centre and NITI Aayog were also present. The Central Statistics Office (CSO) has projected India’s growth to slow to 4-year low of 6.5 per cent in the current fiscal in the backdrop of introduction of Goods and Services Tax (GST) regime.

Do you know What is Wholesale Price Index (WPI), Public Debt, Finance Commission Grants & Other Transfers, Economic Survey, State Finance Commission? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.