PM Modi meets with economists before the Budget
Prime Minister Narendra Modi, along with senior bureaucrats, on Thursday discussed with economists matters concerning the Indian economy.
This comes less than two weeks before the Budget.
The meeting was chaired by the Prime Minister, and was attended by Finance Minister Nirmala Sitharaman, Chief Economic Adviser V Anantha Nageswaran, Cabinet Secretary Rajiv Gauba, and NITI Aayog officials.
Till the time of going to the press, a detailed press statement about the interaction was not released.
“Earlier today (Thursday), interacted with eminent economists and heard their insightful views on issues pertaining to furthering growth,” Modi posted on social media platform X.
Sources said economists offered suggestions, including focusing on developing global value chains and increasing the allocation for research and development in agriculture.
Some suggested rationalising rising fertiliser subsidies through direct benefit transfer and cash transfer. Some economists said the non-farm sector needed to grow faster if India’s rural sector had any chance of developing.