Think tank Niti Aayog Sunday said that expert panel for macroeconomics and employment came out with suggestions to achieve USD 5-trillion economy target during an interaction with Prime Minister Narendra Modi.
The PM Modi onSaturday had an interaction with economists and industry experts on India’scurrent economic situation. “Expertcommittee for Macroeconomics & Employment presented their suggestions to PM@narendramodi for achieving the $5 Trillion economy target. Improvement ofgovernance in PSU banks, enhancing growth rate of exports & employmentgeneration were some of the key areas identified,” the Aayog said in atweet.
During the interactive session, ahead of the presentation ofthe Union Budget next month, all participants made a case for “singleminded pursuit” to achieve growth, according to sources.
A release issued by the Prime Minister’s Office (PMO) had saidthat the session organised by Niti Aayog on ‘Economic Policy – The Road Ahead’was attended by over 40 economists and sectoral experts.
Further opening of banking and insurance sectors for FDI,speeding up disinvestment process and management of water resources were alsoamong the focus areas of Modi’s interaction with economists and industryexperts, they added.
“During the session, participants shared their views,in five distinct groups, on the economic themes of macro economy andemployment, agriculture and water resources, exports, education andhealth,” said the release.
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) wereamong the industry leaders who had put forth their views in the meeting.
Among the economists and experts who were present at themeeting were Bimal Jalan (former RBI Governor), Shankar Acharya (former ChiefEconomic Adviser), Surjit Bhalla (former PMEAC member), Vikram Limay (CEO,NSE), Sonal Varma (Chief Economist, Nomura), Shekhar Shah (DG, NCAER), andBibek Debroy (Chairman, EAC-PM).
The PMO release had said the Prime Minister thanked allparticipants for their suggestions and observations on various aspects of theeconomy.
The Saturday meeting was also attended by Commerce andIndustry Minister Piyush Goyal and Minister of State (independent charge) forStatistics and Programme Implementation Rao Inderjeet Singh.
Niti Aayog Vice Chairman Rajiv Kumar, CEO Amitabh Kant andsenior government officials were also present.
Finance Minister Nirmala Sitharaman will be presenting thefull Budget for 2019-20 on July 5 in the Lok Sabha.It will be the first full Budget of the Modi 2.0government.