PM, economists take stock of economy

Share
PM, economists take stock of economy

Organized by NITI Aayog, Prime Minister Narendra Modi attended an interactive session based on the theme of "Economic Policy - The Road Ahead".

The outcome of Wednesday's discussions on key themes, including macroeconomic balances, agriculture and rural development, urban development, infrastructure and connectivity, employment, manufacturing, exports, health and education, could echo in the Union budget for 2018-19, the last full budget of the National Democratic Alliance regime before the 2019 elections.

The meeting, being organised by government think tank NITI Aayog, will be attended by a host of ministers including Finance Minister Arun Jaitley, NITI Aayog functionaries and leading economists. "Many experts today said that we should shift from focus on agricultural production to raising farmers income, by improving productivity, lowering costs, greater efficiency, greater market access, making producers of products rather than commodities", Kumar said.

He said that the meeting was a traditional practice since the formation of the NITI Aayog.

"NITI Aayog had set up a task force to examine what we call high frequency employment data".

The issue was discussed at length during the meeting at NITI Aayog in New Delhi where over 40 economists and experts were present.

Prime Minister lauded experts for their suggestions and observations, on various aspects of the economy. "Someone said that it is time now to target on job growth", Kumar informed media. "The PM was present for a significant period and showed keen interest in the presentations", said a source who was present in the meeting.

The meeting follows the Central Statistics Office's forecast that GDP growth in the current financial year will slow to a four-year low of 6.5%, from the provisional 7.1% seen in 2016-17, dragged down by deceleration in the agriculture and manufacturing sectors. It was 7.5 percent in 2014-15.

Share

Advertisement

Related Posts

City vehicle park blaze leaves Cumbrian visitors in shock
The fire, which was hot enough to melt aluminium, engulfed seven floors of the multi-storey auto park on the city's waterfront. Merseyside Fire and Rescue Service/PA Temperates reached 1,000C during the blaze.

NYPD Investigating Sex Assault Claims Against Renowned Photographer Terry Richardson
Jones says just seconds after he closed the door behind her, he caught her off-guard with a demand for her to get on her knees and pleasure him.

Indiana Youth Institute ramps efforts to recognize signs of human trafficking
The Human Trafficking Initiative reports about 11 percent of people sold for sex in Nebraska are under the age of 21. The immigrant may not know that a crime is being committed against them, making it hard to report.

Cough Syrup Containing Opioids Is Dangerous for Kids: FDA
While today's action was meant to address prescription opioid cough/cold medications, the FDA is considering regulatory action for these OTC products as well.

Justice is served as new Judge Dredd figure preorders are now open
Despite the hefty price tag of $799.99, there is a 15% discount available for customers who pay in full or opt into a payment plan.

Microsoft shares pre-order details for the $319 Cortana thermostat
With Cortana, you can change the temperature, mode, and state, along with get a report on the current temperature and air quality. This smart home device was first unveiled a year ago and it features a translucent touchscreen display.

Tommy Wiseau reveals what he would have said during Golden Globes speech
A third scathed: " James Franco blocking Tommy Wiseau from the mic is real swamp vermin behaviour, can't believe he's done this". But the truth is, it was Franco's work that was being honored, and he's been very grateful for Wiseau up to this point.

3 Secrets of Innovation Development by Max Polyakov
Also, the investor should never forget that even the biggest amount of invested resources doesn’t guarantee a success. One of the recent examples is the mass closing of brick-and-mortar shops in the USA because of Amazon’s popularity.

Nitish Kumar's convoy attacked in Bihar, 2 security men injured
CM Nitish Kumar who is carrying out Vikas Samiksha Yatra across the state was in Buxar when the incident took place. Soon after the attack, Nitish Kumar left the village for next programme at Haryana Farm.

Ethiopia to close notorious prison camp, release political prisoners
The demonstrations began in 2015, initially to protest government development plans near the capital, Addis Ababa . An independent task force has also been set up to investigate human rights abuses and the handling of prisoners.

© 2015 ExpressNewsline. All Rights reserved.