Prime Minister Narendra Modi on Monday chaired a high-level meeting to assess the ongoing status of the Indian economy. The Cabinet Ministers including Home Minister Amit Shah, Defence Minister Rajnath Singh, Finance Minister Nirmala Sitharaman, Union Minister of Commerce, Piyush Goyal, and other top ministers as well as senior officials of different government departments and economists were all part of the crucial huddle. Union Minister of Commerce, Piyush Goyal will also be present at the meeting, the reports added.

The Prime Minister shared the photographs from the meeting on X and said, “Chaired a meeting to discuss the roadmap for Next-Generation Reforms. We are committed to speedy reforms across all sectors, which will boost Ease of Living, Ease of Doing Business and prosperity.”

The agenda of the discussion appeared to be present scenario of the Indian economy and how the government will work in the next 100 days to boost boost the same. PM Modi, in his Independence Day speech, spoke about GST reforms and several other measures to boost the economic growth of the country.

Centre’s 100-day mega plan

Earlier in the day, Union Minister Piyush Goyal at a programme said that the government is launching a transformational agenda for the next 100 days to make India a developed nation. The announced was made at the 2nd Lokmat Global Economic Summit.

Speaking at the meeting, the Minister said that in the next 100 days, the government will follow the call given by Prime Minister Narendra Modi on August 15. The aim is to take India on a fast track, implement the vision of making it a developed nation by 2047, follow the proposed ‘Panch Pranas’ (five pledges) and make every citizen consider it his duty to make India a prosperous and developed nation by 2047, he said.

In this grand effort, 140 crore Indians will come together as one team and one family, he further said, adding that they will abandon the colonial mentality, respect India’s rich history, culture and tradition, and focus on the unity and integrity of the nation. He expressed confidence that no power on earth can stop India from becoming a developed nation.

Meet comes amid Trump’s tariff bombs

The critical huddle comes at a time when US President Donald Trump has imposed heavy tariffs on India – 25% for not letting US entire crucial markets and heavy import duties on US products; and another 25% penalty for buying Russian oil, which Trump called is fuelling the Ukraine conflict. 

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Trump also called the economies of India and Russia ‘dead’, and his cabinet member recently threatened India of more tariffs in case Trump and his Russian counterpart Vladimir Putin’s Alaska meeting didn’t go well. The meeting was held on Friday where they went to discuss the ongoing Russia-Ukraine war.

Though a decision could not be arrived at, Trump called the meeting very positive. 

What expert said on Indian economy

Veteran financial sector guru and an institution-builder Deepak Parekh earlier this month exuded confidence about the future of Indian economy. At the summit organised by the Financial Express on the Indian BFSI sector, Parekh chose to stay ‘optimistic’ about the future of the Indian economy. 

“I think some of our best days are yet ahead of us,” he said.

“We have crossed the half way mark of calendar year 2025 and my reading of the second half of the calendar year is that we should see improved urban demand though rural consumption in the second half will continue to grow at a slower pace,” he said. 

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The reason, “we have lower interest rates, there is an upcoming festival season and there is also an income tax relief of Rs 12 lakh per annum and all of it should be favourable for the consumption growth engine.”  There is more: “This June quarter results too reveal a nuanced picture of resilience as well as divergence. The corporate results of 280 companies reveal that profitability has been strong with the growth of 18 per cent for the quarter ended June 25 but the revenue growth remains tepid at 5 per cent,” Parekh added.