- Home Minister Amit Shah, Transport Minister Nitin Gadkari and Commerce Minister Piyush Goyal were also present.
- Modi’s 13th meeting to discuss the economy before the budget met 11 prominent industrialists 3 days ago
- The government worried about GDP growth in budget preparations, estimates of only 5% growth in 2019-20
Prime Minister Narendra Modi on Thursday held a 2-hour meeting with over 40 economists and industry experts at NITI Aayog. According to news agency sources, Modi’s focus was on the goal of a $ 5 trillion economy.
Narendra Modi held a 2-hour meeting with over 40 economists and industry experts at NITI Aayog
He sought suggestions on measures to increase consumption and demand.
This time Modi’s active role in budget preparations
NITI Aayog Vice-Chairman Rajiv Kumar, CEO Amitabh Kant, and other officials discussed the current state of the economy and measures to boost growth. Issues of other sectors placed with agriculture and infrastructure. Home Minister Amit Shah, Road Transport and Highways Minister Nitin Gadkari, Commerce Minister Piyush Goyal and Chairman of the Prime Minister’s Economic Advisory Council Bibek Debroy were also present in the meeting. This was Modi’s 13th meeting to discuss the economy before the budget.
The government is busy with the budget process but is worried about the decline in GDP growth. According to the news agency, Modi is playing an active role in budget preparations this time. The Prime Minister’s activism on the economy front can be gauged from the fact that he had two meetings with prominent industrialists in the past. Apart from these, 10 meetings were held with people from different industries. All ministries have also asked to prepare a blueprint for the 5-year plan. Modi is giving a lot of time to review them.
GDP growth projected to be lowest in 11 years
The Prime Minister has also sought suggestions from the public for the upcoming general budget on February 1. They want to know what measures can taken in the budget to improve the economy. Let us tell you that GDP growth is in the midst of a risk of falling to an 11-year low. The Central Statistics Department has projected growth to be just 5% in 2019-20. If this happens, it will be the lowest growth since 2008-09.