PM meets experts over economic policy ahead of Budget Session

Prime Minister Narendra Modi addresses the inaugural session of first PIO Parliamentarian Conference in New Delhi

Prime Minister Narendra Modi addresses the inaugural session of first PIO Parliamentarian Conference in New Delhi

"The Road Ahead" was also attended by Finance Minister Arun Jaitley and other ministers and government functionaries. NITI Aayog Vice-Chairman Rajiv Kumar, and senior officers from the government and NITI Aayog were also present. The recapitalisation of banks was also discussed and Kumar said the view was that recapitalisation should also be accompanied by governance reforms in the banks.

"I am hoping NITI Aayog will monitor high frequency data on employment on a regular basis and actually create new data set which is not available as of now". We have done a very large exercise after data analytics and have come out with data in contrast with what the Labour Bureau data show. "You will see there is much better news on the employment front than what people thought", the NITI Aayog Vice-Chairman told presspersons.

The participants expressed their views on macro-economy, agriculture, rural development, employment, health, education, manufacturing, exports, urban development, infrastructure and connectivity.

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".

Earlier last week, the Central Statistics Office (CSO) released the first advance estimate that indicated a low 6.5 per cent growth figure mainly due to slowed performance of manufacturing and agriculture.

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In his intervention, the PM thanked various participants for their suggestions and observations on various aspects of the economy.

The Aayog vice chairman also said that all the experts backed the National Medical Commission Bill.

Various groups interacted amongst themselves and then crystallised their ideas and made presentation before the PM, Kumar said, adding there were experts from all across the country - regional representation, sectoral representation.

Rajiv Kumar said what emerged clearly out of the meeting was that Prime Minister's call for doubling farmer incomes "is not just a pie in the sky".

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