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Prime Minister Narendra Modi on Saturday discussed key issues facing economy and suggestion to meet challenges with top 40 economists of the country.
The theme of the interaction was ‘Economic Policy-The Road Ahead.’ Day long interaction was divided into two parts, firstly economists in five distinct groups discussed various themes. These groups deliberated upon macro-economy and employment, agriculture and water resources, exports, education and health and finalised presentation. Later, they made presentations before the Prime Minister. It is expected that some of the suggestions may feature in the forthcoming budget to be presented on July 5.
In his intervention, the Prime Minister thanked various participants for their suggestions and observations on various aspects of the economy. The meeting was also attended by Union Ministers Piyush Goyal and Shri Rao Inderjeet Singh. The Vice Chairman of NITI Aayog Rajiv Kumar, and senior officers from the Union Government and NITI Aayog were also present.
PTI report adds:
Further opening of banking and insurance sectors for FDI, speeding up disinvestment process and management of water resources were among the focus areas of Prime Minister Narendra Modi’s interaction with economists and industry experts on Saturday to achieve higher economic growth, said sources.
A release issued by the Prime Minister’s Office (PMO) said that the session organised by Niti Aayog on ‘Economic Policy - The Road Ahead’ was attended by over 40 economists and sectoral experts.
“During the session, participants shared their views, in five distinct groups, on the economic themes of macro economy and employment, agriculture and water resources, exports, education and health,” the release said.
Meanwhile, Modi in a tweet said he had a fruitful interaction with economists and other experts. “The inputs received were insightful and will benefit our growth trajectory.”
N Chandrasekaran (Chairman, Tata Sons), T V Narendran (Global CEO and MD, Tata Steel), Anil Agarwal (Chairman, Vedanta Resources), Sanjiv Puri (Chairman and MD, ITC), and Vijay Shekhar Sharma (CEO, Paytm) were among the industry leaders who put forth their views in the meeting.
Among the economists and experts present at the meeting were Bimal Jalan (former RBI Governor), Shankar Acharya (former Chief Economic Adviser), Surjit Bhalla (former PMEAC member), Vikram Limay (CEO, NSE), Sonal Varma (Chief Economist, Nomura), Shekhar Shah (DG, NCAER), and Bibek Debroy (Chairman, EAC-PM).
Sources said that key issues like creation of jobs, boosting exports amid trade wars and initiating more structural reforms too were focus of the interactive session.
Niti Aayog, the government think-tank, termed the session as “lively, vibrant, and constructive” where extremely positive discussions took place.
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